降抽成只是开始，网约车市场生态重构

Core Insights - The recent reduction in commission caps by major ride-hailing platforms like Didi and T3 to 27% and Cao Cao to 22.5% reflects a significant shift in the industry aimed at benefiting drivers and addressing regulatory pressures [1][3] - The average commission for Didi is projected to drop to 14% by 2024, indicating a move towards a more sustainable revenue model for drivers [1] - The ride-hailing market is experiencing saturation, with a mere 1.6% increase in daily order volume reported in June [1][2] Industry Trends - As of June 30, 2025, there are 389 licensed ride-hailing platforms in China, with a slight increase in the number of platforms [2] - The compliance rate of orders among the top 10 platforms varies, with Didi ranking lower in terms of order compliance [2] - The average income for drivers is under pressure, with reports indicating that some drivers earn less than 4,000 yuan per month after expenses [2][3] Regulatory Impact - The collective action of lowering commission rates by major platforms is seen as a response to increased regulatory scrutiny since the implementation of the "Sunshine Action" in 2022 [3] - Regulatory measures are pushing for greater transparency and fairness in commission structures, which is expected to lead to stricter compliance requirements for platform economies [3] Market Dynamics - Despite the increase in licensed vehicles and drivers, the average daily income for drivers has decreased, highlighting the challenges of income stability in a competitive environment [3][4] - Drivers are facing a trust crisis regarding the transparency of earnings and deductions, leading to dissatisfaction and financial strain [5] - The industry is shifting towards a more sustainable model, with platforms needing to balance commission reductions with operational costs and driver welfare [6]