China to launch state-backed transportation platform for trucking and transportation | CNN Business

Hong Kong
Reuters
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China will soon launch a state-backed transportation platform that includes transportation services, cargo transportation, road transportation, rail, ferry and flight services, Chinese state media Beijing Daily reported on Wednesday.

The online platform, which has completed internal testing, is expected to integrate more than 90% of the total transport market capacity, the newspaper said.

China’s ride-hailing market was dominated by Didi Global, which faced powerful regulator the Cyberspace Administration of China in 2021. The 18-month ban on ride-hailing was lifted on Monday after the company take effective measures to ensure the security and data of the platform. safety

The report did not detail why the government was introducing the platform, whether customers would be required to use it or whether it would compete with existing platforms.

The report alluded to the disorderly proliferation of transportation apps and data security issues.

The state-backed platform, called “Qiang Guo Jiao Tong” – or “Powerful Nation Transport” – will provide people with convenient services while maintaining data security and protecting personal privacy, Beijing Daily reported.

Other social media apps such as Wechat, Alipay and Douyin will be integrated into the platform, the report added.