A Chinese rival to ridesharing companies like Uber and Lyft may be about to set up shop in North America. According to Reuters’ sources, Didi Chuxing plans to expand its app-based service to Mexico in 2018, the first time the company would be operating outside of China. Didi has said that its goal is to expand outside of China though the...
Chinese ride-hailing company Didi Chuxing Technology Co. may finally be starting its long-rumored international expansion, as a report Thursday claimed the company is about to open up shop in Mexico. Reuters made the claim, quoting two sources familiar with the plans as saying that Didi will enter Mexico sometime in the first quarter of 2018. Show More Summary
Didi Chuxing, the go-to ride-hailing service in China, is looking to bring the fight to Uber in North America by entering Mexico soon, reports Reuters. The company – which claims to have 450 million users on its platform and is the second...Show More Summary
Didi Chuxing (China's Uber-like ride-hailing service) has been in the news recently. It announced 1) plans to create its own electric car charging network, 2) a partnership with NEVS for one million electric self-driving cars, 3) that...Show More Summary
Didi Chuxing is the largest ride hailing service in the world and plans to have 1 million electric cars on the road within 3 years. It has announced plans to construct its own electric car charging network that will be available to the public.
Ben has written a lot about how much he relies on Uber when traveling. Unfortunately, Uber is no longer available in China as of last year. However, China has its own ride-hailing app, called Didi Chuxing, or “Didi” for short. We were in Xiamen during the National Holiday, and taxis were in high demand. Show More Summary
In a deal that values Lyft at $11 billion, Google's parent company Alphabet has invested $1 billion into the ride sharing service, more than a year after Apple placed its own $1 billion bet on Chinese taxi provider Didi Chuxing.
China’s Didi Chuxing is already well-known for making investments, but this time around the ride-sharing company has stepped beyond backing companies in its core industry with its latest deal. That’s because Didi has backed RenRenChe, China-based online peer-to-peer car marketplace, via a strategic investment that is confirmed at $200 million. It’s not clear what… Read More
Japan’s SoftBank Group, U.S. investment group Dragoneer and Chinese rideshare giant Didi Chuxing are close to finalizing their investment in Uber via a joint venture, sources tell TechCrunch. The tender offer is on track to launch by...Show More Summary
Well, it was good while it lasted. SEE ALSO: Uber beware: Didi-backed Taxify is coming after you in London Estonian company Taxify— backed by Uber's arch-enemy, China's Didi Chuxing — has halted operations in London just three daysShow More Summary
A new ride-sharing app is ready to give Uber a headache, at least in London. SEE ALSO: Team of rivals: The startups Uber competes against around the world Estonian company Taxify, backed by China's Didi Chuxing, is launching in the UK...Show More Summary
China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and JD.com agreed to invest nearly $12 billion into state-run mobile operator China...Show More Summary
Uber's been facing crisis after crisis at home, but its rivals around the world aren't slowing down. Didi Chuxing is leading the international fight against Uber. The Chinese ride-hailing giant is using its considerable influence to...Show More Summary
ANALYSIS: The global e-taxi battle took another interesting turn this week when Didi Chuxing — by far the largest ride-hailing company in China — invested in Careem, an Uber rival that’s popular in dozens of cities across the Middle East, Africa, and Asia. The partnership represents the latest in a long string of collaborations, mergers, and […]
While Uber is trying to dig out from scandals and curtail losses, its former China rival, Didi Chuxing, is spending billions of dollars on other startups around the world. But is it worth $50 billion?
Chinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North Africa.
Chinese ride-hailing giant Didi Chuxing (“Didi”) has made a strategic investment in Careem, a rival service that’s popular in parts of the Middle East, Africa, and Asia. The investment — an undisclosed amount — represents part of a broader partnership that will see the duo “share knowledge in intelligent transportation technology, product development, and operations,” […]
A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. Show More Summary
The firm that drove Uber out of China has invested in Taxify in Europe and Adfrica.
Didi Chuxing, the ride-sharing company that forced Uber out of China, has expanded its increasingly global empire after it made an investment in Taxify, an Uber-like service that operates in Europe and Africa as it prepares to launch...Show More Summary