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
Singapore-based ridesharing service Grab is looking to go head to head with Uber Technologies Inc. in Southeast Asia, and today the company got a major boost thanks to $2 billion in financing from Didi Chuxing and SoftBank Group Corp. Show More Summary
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