The China-based on-demand taxi service provider Didi Chuxing is now working to start a new electric vehicle car-sharing platform in the country, according to recent reports.
China's Didi sets up electric car-sharing platform February 2, 2018 (Reuters) “Chinese ride-hailing giant Didi Chuxing is setting up an electric car sharing service with 12 automakers, including BYD Co Ltd, local partners of Ford Motor...Show More Summary
Chinese ride-hailing giant Didi Chuxing announced a deal with Japanese telecom firm SoftBank on Friday to develop a taxi app in Japan, where services like Uber have struggled to make inroads.
Chinese ride-hailing giant Didi Chuxing Technology Co. is setting its sites on Japan with a new deal with SoftBank Group Corp. that will see it trial services in Osaka, Kyoto, Fukuoka, Tokyo and other locations with an aim of setting up shop permanently should the trial be successful. Show More Summary
Chinese ride-hailing giant Didi Chuxing is teaming up with SoftBank Group Corp. to help Japan’s taxi industry deploy cars more efficiently, in a move likely to stymie the ambitions of Uber in the country.
The Toyota e-Palette shown at CES 2018 is all things for all people. It can be a transportation pod, a cargo van, a delivery van, or a mobile doctor's office. Is Toyota serious? Companies like Amazon, Didi Chuxing, and Uber say they want in on the project.
The Uber of China has announced it will partly take over the running of bike-sharer Bluegogo in the country, reports the Financial Times. Bluegogo collapsed late last year due to what some are calling an overcrowded bike-sharing bubble in China. Show More Summary
China’s dominant ride-hailing company, Didi Chuxing, is kicking off 2018 by challenging Uber in Latin America, snapping up one of its top ride-hailing rivals in Brazil.
Chinese ride-hailing giant Didi Chuxing Technology Co. has spent no time in investing some of the $4 billion it raised in December, buying Brazilian car booking service 99 Corp. for a figure believed to be $600 million. Founded in 2012 and formerly known as 99Taxis, 99 is Brazil’s Uber Inc. Show More Summary
Didi said it would acquire the rest of 99, a Brazilian ride-hailing start-up that it had invested in, in an all-cash deal worth around $600 million.
Chinese e-taxi giant Didi Chuxing has confirmed earlier reports that it’s acquiring leading Brazilian ride-hailing company 99. Terms of the deal were not disclosed. The deal comes just weeks after Didi Chuxing announced a hefty $4 billion raise, taking its total funding to nearly $20 billion. São Paulo-based 99, which was founded in 2013, has […]
Uber's new year isn't off to a great start. One of the company's biggest competitors, China's Didi Chuxing, is buying another ride-hailing company from Brazil, 99. The deal is set to make Didi even bigger and pits its services against Uber in yet another country. Show More Summary
Early last year, Cheng Wei, founder and chief executive of the Chinese ride-hailing juggernaut Didi Chuxing, tried to resist taking money from investor Masayoshi Son. Cheng told the SoftBank Group chief he didn’t need the cash because his company had already raised $10 billion, according to people...
Categories: Afternoon Coffee Tags: General News Didi Chuxing, Uber’s Chinese rival, completed a funding round this week totaling $4 billion. MBO Partners announced Tuesday it has formed a partnership with PeopleTicker to provide third-party labor rate information to its enterprise clients. Show More Summary
The Chinese ride-hailing giant has secured the additional funding, and with it now has a market cap of over $50 billion, the company has announced. The company says it will use the new funds “to support AI capacity-building, international...Show More Summary
The latest fund-raising round includes Japan’s SoftBank and values the company at $56 billion, raising the stakes in the global ride-hailing market.
Chinese ride-sharing firm Didi Chuxing said Thursday it had raised $4 billion from investors, months after a funding round that made it Asia’s most valuable startup, as it presses on with a global battle with US giant Uber. Local and...Show More Summary
Didi Chuxing has announced another gargantuan equity funding round, as the Chinese ride-hailing giant reveals it has raised a further $4 billion. This latest round comes just eight months after the company raised $5.5 billion, which followed a year after it raised $7.3 billion from big-name backers including Apple. This new cash injection takes Didi’s total […]
Chinese raid-hailing giant Didi Chuxing Technology Co. has raised $4 billion in a new round that is reported to have included SoftBank Group Corp. and Abu Dhabi’s Mubadala Development Company PJSC. The company said in a statement that...Show More Summary
The ride-sharing platform has a valuation of more than $50 billion, making it one of Asia’s largest startups, and now has $12 billion in cash reserves.