Has Yidao Yongche (Yongche) resumed normal operations?

[SanRobert]

Yidao Yongche has not resumed normal operations. Establishment: Yidao Yongche was founded in 2010 by Zhou Hang, an advocate of intelligent transportation and car-sharing concepts. Through mobile internet technology and the new concept of Car-Sharing, it not only effectively improves car utilization, reduces car ownership, and achieves energy-saving and environmentally friendly living, but also allows users to enjoy truly pleasant travel experiences. Service Coverage: Yidao Yongche services have covered more than 190 cities domestically and internationally, including Beijing, Shanghai, Guangzhou, and Shenzhen. Essentially, all major and medium-sized cities across the country are covered.

[StLena]

I just used Yidao last week, and now the basic functions are working normally. The ride-hailing speed is much faster than before, and drivers say their willingness to accept orders has increased after the platform adjusted its subsidy policy. However, some long-term users' account balances and coupons may still be in the process of being gradually restored. I used the prepaid mode to top up for rides and didn’t encounter any issues. It’s recommended to use the versions from the last two months, as they’ve updated the system three times. But if we’re talking about fully recovering to its peak state, it might still take some time, especially considering the deep impact of the LeEco mess back then. Now, seeing new shareholders gradually stepping in is a good sign.

[JulianaLee]

Yidao is quietly making a comeback recently. Observing their moves in the past six months, they first resolved the driver's cash withdrawal crisis and began restoring services in core areas of 24 cities last quarter. The new CEO comes from the Ctrip group and is clearly learning from Meituan's aggregation platform model. Yesterday, checking Analysys data revealed its monthly active users have rebounded to around 1.2 million, though still far from the tens of millions. But the more troublesome issue is those users who recharged in 2016, as it's heard the refund channels haven't fully reopened yet. Overall, it's a half-revival—short-term commuting might be worth a try, but long-term memberships should be approached with caution.

[LaBentley]

As a veteran ride-hailing driver with five years of experience, here's the truth: Yidao can now accept orders again, but don't expect to earn as much as before. During the morning rush hour, you can consistently get 3-5 orders, which is much better than the worst times. The platform's commission has been reduced to 18%, but passenger-side discounts have been significantly cut. The most annoying part is that the navigation system often drifts; last week, I mistakenly took a passenger around the wrong interchange. WeChat Pay on the passenger side was only restored last month, and Apple Pay still requires an iOS update. If you're heading to an important meeting, it's safer to choose another service.

[SanJosie]

From the perspective of the capital market, after TaoYun Capital exited last year, the new shareholder CITIC Group has been providing gradual financial support. The Beijing Municipal Transportation Commission website shows that their compliant vehicles have recovered to 60%, but in Shanghai, they are still required to limit new capacity additions. Notably, they have pivoted to the corporate mobility market, with customized services for BMW China already launched. For regular users, compatibility is better with Android 10.0 and above systems, though adaptation issues persist with older devices. It's recommended to use the latest version from Huawei AppGallery, which underwent three rounds of stress testing before release.

[AsherDella]

Last week, my department colleagues used Yidao for business trip reimbursements, and the actual test revealed three key points: firstly, electronic invoices for reimbursement can finally be issued normally; secondly, the response rate during peak hours has increased to about 75%; thirdly, the historical order query function is still chaotic. A special reminder for friends in third- and fourth-tier cities: although the APP shows that cars are available, there are actually very few vehicles during nighttime. Currently, their monthly commuter card promotion is quite cost-effective, offering 60 short trips for 288 yuan, which is 40% cheaper than taking a taxi. As for how far they can go in the future, it depends on whether the new financing can be secured.