Chinese rideshare company Didi promises to improve its payment process for drivers, as well as fares for users.
In a statement, Didi said drivers normally receive around 79 percent of what customers pay, but occasionally this will drop below 70 percent.
This follows growing criticism around the company’s operations.
Didi says it will “try its best” to prevent further cases from happening in the future.
“Our platform is huge, but our capability is not enough,” Didi said in the statement. The company also said it welcomes criticism and supervision from the public.
“We still have a long way to go to ensure passengers can afford rides and drivers can enjoy steady growth in their incomes.”
Didi ride-sharing platform in a recent statement
Mounting consumer pressure
Consumers have been questioning why users of the rideshare service are paying more for fares and drivers are making less.
This has also led to a push for regulators to take action.
Didi says, “We still have a long way to go to ensure passengers can afford rides and drivers can enjoy steady growth in their incomes.”
Didi’s increasing profit margins
Didi had a net margin of 3.1% for 2020, according to the statement.
The company has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering that could raise several billion dollars, Bloomberg News reported in April.
The SoftBank Group Corp.-backed company is stepping up efforts to increase its presence in strategically important sectors like autonomous driving and technologies including artificial intelligence chips.
