Grab, a taxi-hailing service operating in South East Asia, announced on Monday that it has raised $2 billion (£1.5 billion) from Japanese tech investor Softbank and its Chinese equivalent, Didi Chuxing. It expects to raise a furtherShow More Summary
Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing from existing investors Didi Chuxing, the company that defeated Uber in China, and SoftBank. Didi said the round could expand by $500 million more with input from other existing backers and new investors, too. Show More Summary
For all the PR fiascos it’s faced, Uber is still king of the ride-hailing services in the West. On the other side of the globe, however, the process of requesting a car from your phone is dominated by another giant: Didi Chuxing. AsShow More Summary
Grab, the Uber rival in Southeast Asia that operates across seven countries, is reportedly in talks to raise up to $2 billion from Japan-based SoftBank and China-based Didi Chuxing, the Wall Street Journal reports, citing sources. The...Show More Summary
Uber’s biggest rival in Southeast Asia, GrabTaxi, is raising more money to battle Uber in the region—as much as $2 billion from Japan’s SoftBank and Chinese ride-hailing company Didi Chuxing.
THE COST OF DOING BUSINESS WITH TYRANTS: Uber cedes control in Russian market with Yandex tie-up. For Uber, the deal marks the exit from another big market after it sold its operations in China last year to local rival Didi Chuxing. Yandex said in a statement on Thursday that Uber and Yandex Taxi would combine […]
Last August, Uber was forced to retreat from China after inking a deal with ride-sharing rival Didi Chuxing, while taking a 17.5% stake in the company. It looks like the same recipe for success will be now applied in Russia, where Uber...Show More Summary
GrabTaxi Holdings co-founder Anthony Tan doesn’t see Didi Chuxing Technology, a current investor, acquiring his ride-sharing startup to take over the market in Southeast Asia—at least not for now.
It's a good time to be a Chinese internet giant. China's biggest internet companies stand to reap major rewards from investments in other Chinese tech companies, according to data released by CB Insights. SEE ALSO: Didi Chuxing's new...Show More Summary
Japan’s SoftBank is pledging to invest $5 billion in China’s lead ride-hailing firm Didi Chuxing, seeking to position itself in a key technology growth area.
Japanese telco giant Softbank has confirmed the size of its investment into Didi Chuxing, aka the Uber of China, and the figure is $5 billion (~¥550,000M). Read More
Didi Chuxing, China's dominant ride-hailing service, is finally opening its app to visitors into the country, with an English version that was just released. Impressively, the English interface — which was being tested since February...Show More Summary
Didi Chuxing starts rolling out an English version of its ride-hailing app in China, as it eyes an international launch.
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Chinese ride-hailing giant Didi Chuxing (“Didi”) has announced a new bilingual service as it looks to ramp up its appeal to international travelers. The company, which merged with Uber’s Chinese operations in a $30 billion deal lastShow More Summary
FEATURE: Chinese ride-hailing giant Didi Chuxing is lending its data to authorities as part of a new initiative to ease road congestion. Earlier this year, Didi partnered with the traffic police department of Jinan, the capital of Eastern China’s Shandong province which claims a population of more than 7 million people. Jingshi Road is one of […]
Less than a year after closing a mammoth $7.3 billion investment, Digi Chuxing Technology Co. is raising eyebrows in the venture capital world once again. The Chinese ride-sharing giant today divulged that it’s secured $5.5 billion as part of a new round that the usual anonymous sources claim values it at around $50 billion. Show More Summary
Ride-hailing giant Didi Chuxing raised more than $5.5 billion from investors, scoring the largest round of funding ever for a technology company to bankroll an expansion beyond China and into driver-less technology. Didi, which drove Uber Technologies Inc. Show More Summary
China’s Didi Chuxing Technology said it raised $5.5 billion in a new funding round, valuing the ride-hailing company at more than $50 billion.
The ride-sharing company raised $5.5 billion, making it one of the world’s largest start-ups and underscoring its global ambitions.