Car-Leasing Firms, Insurance and Finance Companies Join Hands in Lease, Insurance and Loan Extension for DiDi Drivers in China to Lessen Coronavirus Impact

Car-Leasing Firms, Insurance and Finance Companies Join Hands in Lease, Insurance and Loan Extension for DiDi Drivers in China to Lessen Coronavirus Impact

(Beijing, China, February 17, 2020) – An initiative for car-leasing firms, insurance and finance companies to extend current leases and insurance coverage for DiDi drivers is expanding from Hubei to other parts of China as DiDi coordinates a cross-industry effort against the COVID-19 outbreak.

After a regional initiative started in Hubei with 16 main leasing partners, Xiaoju Automobile Solutions (“XAS”), DiDi’s subsidiary, continues to coordinate with over 3,000 leasing partners nationwide to expand its lease extension plan to ride-hailing drivers. Under the plan, the February payment for its drivers nationwide will be waived and XAS will update its plan further based on the outbreak situation.

China’s leading insurers, including People’s Insurance Company of China, Ping An Insurance, Pacific Insurance and China Life Insurance, are among the 38 main insurance partners of DiDi who have committed to extending coverage for leased vehicles to help the leasing firms reduce their operating costs.

Over 20 financial institutions, including the finance arms of Dongfeng Motors, BAIC Group, China Merchants Bank and China Zheshang Bank have rolled out loan extension, liquidity lending and lease adjustment programs to help DiDi’s car-leasing partners.

Apart from new daily disinfection routines, protective masks and gears, DiDi also announced a special COVID-2019 insurance program, together with special medical emergency allowances for its driver partners who continue to serve the citizenry as the nation’s transportation system faces unprecedented challenges. DiDi and its volunteer drivers have organized special fleets to offer free transportation for 20,885 certified doctors and nurses in Wuhan, Shanghai, Beijing, Xiamen, Ningbo and Nanjing.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Workplace

The Power of Introverts at the Workplace

Psychologist Carl Jung describes introverts as people whose interests are directed inwards and towards their own thoughts or feelings. They typically struggle to adjust to social settings and are perceived as being reserved. Thus, at a workplace, the introvert might come across as a quiet or unsociable person and end up unnoticed, no matter how big their contributions might be.

Cryptocurrency without the Risk

The Benefits of Cryptocurrency without the Risk: Stablecoins

As of October, Tether, the largest stablecoin in the world, is the fifth largest cryptocurrency in the world. As of October 18, Tether has a market capitalization of over US$69 billion. However, to make sense of this development, let’s break down what a stablecoin is, and then look at the various kinds of stablecoins and what the future holds for them.

TikTok Takes the Crypto Plunge into NFTs

TikTok Takes the Crypto Plunge into NFTs

The NFT craze does not seem to be going away anytime soon. The global hype around immutable digital assets has only gone up as TikTok hops on the bandwagon, allowing fans to “own a moment that broke the internet”.

Top Five Data Breaches By Tech Giants In Recent Years

Top Five Data Breaches By Tech Giants In Recent Years

From Facebook to Adobe, we often hear about data breaches in the news. In today’s digital world, data breaches can affect hundreds of millions of users simultaneously. By definition, a data breach means an incident in which secure or private data is released intentionally or unintentionally into an untrusted environment.

How Can You Launch an Air Taxi Startup

What Is an Air Taxi and How Can You Launch an Air Taxi Startup?

It’s finally happening. Flying cars—a concept we saw in Harry Potter and the Chamber of Secrets and Back to the Future—are becoming a reality. While many people might scoff at the idea of flying cars—“What’s next? Teleportation? Pfft”—investors are all about taking the chance. So much so that they have set aside US$4.3 billion to meet the requirements.

The Rise of Social Audio Apps

The Rise of Social Audio Apps

After over a year of working from home and attending online classes while in lockdown, many are feeling the brunt of the increased screen time. The recent rise in the popularity of audio media, like podcasts and audiobooks, can be attributed to screen exhaustion.