Didi Chuxing, a mobile-based transportation platform, announced on Tuesday the launch of a financial services module in its China app. According to Didi, the new service now offers, among others, mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing services.
“DiDi officially inaugurated a financial services unit in early 2018 to develop convenient, reliable and licensed financing, mutual protection insurance, payment, wealth management and other diversified financial products to the company’s broad base of passengers, drivers, car-owners and business partners. Prior to the nationwide launch, the in-app services were trialed in 10 cities including Chongqing, Zhengzhou and Foshan.”
This initial launch features two groups of services, which are the following:
- DiDi protection and credit services: Provide innovative and reliable personal financial products in an era of new economy and flexible employment. A new health insurance product, for instance, breaks down annual critical illness insurance to lower the entry barrier for gig economy workers and broaden the scope of protection for more families.
- Auto-financing solutions: The finance arm will work with DiDi’s new auto-solutions business to expand a quality supply base for China’s vibrant mobility market by creating effective links between top-tier drivers and partners and high-quality supply of new energy vehicles through competitive and reliable purchasing, leasing, trading and financing services.