Ridesharing giant DiDi Chuxing will expand its presence in the Chinese financial and fintech sectors with the launch of its own private bank in the northern Chinese city of Tianjin, according to a report from Xinliu Caijing. First launched in 2012 in Beijing, DiDi has emerged as China’s leading ridesharing service following a merger with Kuaidi Dache in 2015 and the acquisition of Uber China in 2016. DiDi currently has over 450 million ride clients and around 50 million registered drivers, with over 20 million individual orders processed each day.

News via China Banking News.