Update, 08 May 2017, 1530: Yidao announced today it has obtained the online car-hailing license from Beijing Municipal Committee of Communications. Good news for Yidao as well as its users and drivers, as the acquisition of the license may help quicken the company’s fundraising pace since policy roadblocks have been cleared up.

The financial turmoil affecting ride-hailing service Yidao Yongche (易到用车) is still ongoing, although Yidao chairman He Yi noted that the company has achieved breakthroughs in financing and promised that Yidao will be able to let drivers withdraw payment through the app by the end of May.

Yet the cheerful message from the company chairman still failed to assure anxious drivers. There have been large crowds of drivers seen lining up at Yidao’s Beijing and Shanghai office eager to cash in their payment every workday since Yidao founder Zhou Hang made public a spat with company shareholder LeEco one month ago. There were reportedly more than 300 drivers rushing to Yidao’s Beijing headquarters on April 18 alone.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.