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BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The move comes on the heels of a company-wide reorganization announced in December, which was aimed at improving safety on its platform as well as operating efficiency. The new products were tested in 10 cities and have now been introduced nationwide, the firm said on Wednesday. They include wealth management, credit and lending and crowd-funding for critical illnesses, all aimed at short-term, temporary workers cufflinks online.
The products bring Didi into competition with investor Alibaba Group Holding Ltd (BABA.N) and technology peer Tencent Holdings Ltd (0700.HK). They also come as rivals including other Alibaba-backed firms have been making a renewed push in a ride-hailing market dominated by Didi, aiming to tap unmet demand brought about by regulatory change. Didi itself is facing new rules and increased scrutiny from authorities after a series of high-profile safety incidents, including the murders of two female Didi passengers in separate cases cufflinks online.
As part of a subsequent national audit of ride-hailing firms, the Ministry of Transport said Didi was “out-of-control”, and pledged to tighten driver recruitment standards. The firm is already short of drivers in major cities, since regulations in 2017 curbed the number of eligible applicants. Didi, whose backers include U.S. peer Uber Technologies Inc [UBER.UL], Apple Inc (AAPL.O) and Japan’s SoftBank Group Corp (9434.T), is reshuffling its domestic business as it expands globally with new services in South America and Australia cufflinks online.
SEOUL (Reuters) – South Korean plaintiffs in a World War Two forced labor court case against Japan’s Nippon Steel & Sumitomo Metal Corp have applied to seize some of Nippon Steel’s Korean assets, their lawyers said on Wednesday. The application for the asset seizure, if approved by the court, could further strain South Korea’s already frosty bilateral relations with Japan over the issue. Japan denounced a South Korean Supreme Court ruling in October that Nippon Steel should pay 100 million won ($90,500) to each of four South Koreans to compensate them for suffering forced labor during the war cufflinks online.
The Japanese government said all wartime reparations were dealt with in a 1965 treaty that had normalized ties between the two neighbors. The South Korean plaintiffs applied to a district court on Dec. 31 for the seizure of Nippon Steel’s shares in a Korea-based joint venture with steelmaker POSCO cufflinks online. “We express strong regret for Nippon Steel’s careless and inhumane attitude, which has not shown any willingness to carry out the ruling for the plaintiffs, who have fought to remedy the violation of their rights for some 70 years,” the lawyers said in a statement..