Core Viewpoint - The ride-hailing industry is experiencing intense price competition, leading to regulatory scrutiny and calls for better market practices to protect drivers' rights and ensure fair pricing [1][2][3]. Group 1: Regulatory Actions - Multiple cities, including Qingyuan, Yingtan, and Ningbo, have held meetings to address low-price competition among ride-hailing platforms, indicating a growing concern over market practices [1][4]. - The Qingyuan Transportation Bureau has specifically called out platforms like Didi and Huaxiaozhu for receiving numerous complaints from drivers regarding low order prices and high commission rates [2][3]. - Regulatory bodies are urging platforms to establish reasonable pricing systems and to stop using unfair pricing tactics to gain market share [3][4]. Group 2: Market Conditions - As of May 31, 2025, there are 385 licensed ride-hailing platforms in China, with a 5.9% increase in order volume to 7.70 billion orders [5]. - The ride-hailing market is facing oversupply issues, with platforms resorting to low-price strategies during off-peak times, which has led to a decline in operational levels [5][6]. - The average hourly income for ride-hailing drivers has dropped by approximately 12.9%, from 31 yuan to around 27 yuan, reflecting the impact of increased competition [5][6]. Group 3: Industry Trends - The industry is transitioning from a phase of rapid growth to one of market saturation, with warnings issued about oversupply and the need for drivers to be cautious about entering the market [6][7]. - Companies are exploring new growth avenues, including autonomous vehicles and international market expansion, despite many still operating at a loss [7]. - Analysts suggest that the reliance on low-price competition is unsustainable, and the market may evolve towards oligopoly, service differentiation, and intelligent capacity management [7].