Didi Chuxing has created competition for traditional car rental operators. Photo: Reuters

China’s biggest car rental company prepares for ‘extreme scenarios’ amid profit slump, denies privatisation plan

  • Earnings slumped 89.3 per cent in 2019 as demand in tourist cities waned amid slowdown
  • Viral outbreak to hit revenue by 20 to 30 per cent in the first quarter while prices for fleet of used cars erode
Topic |   Autos
Didi Chuxing has created competition for traditional car rental operators. Photo: Reuters
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