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China's richest tech companies could make serious cash off unicorns

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

SoftBank to Pump $5 Billion Into China's Didi

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.

Softbank confirms it’s putting $5BN into Didi Chuxing, the ‘Uber of China’

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's new English app can translate what you say to Chinese drivers

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

China's Uber rival takes step toward global plunge - CNET

2 weeks agoTechnology : CNET: News

Didi Chuxing starts rolling out an English version of its ride-hailing app in China, as it eyes an international launch.

Chinese e-taxi giant Didi goes bilingual with English-language app and real-time translations

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

How China’s meshing ride-sharing data with smart traffic lights to ease road congestion

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 […]

Chinese Uber rival Didi Chuxing raises a massive $5.5B

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

Uber's biggest competitor just raised a record $5.5 billion

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

Didi, China's Uber, Raises $5.5 Billion

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.

With New Funding, Didi Chuxing, an Uber Rival, Looks Beyond China

The ride-sharing company raised $5.5 billion, making it one of the world’s largest start-ups and underscoring its global ambitions.

Chinese ride-hailing giant Didi Chuxing raises $5.5 billion to build a ‘sustainable global mobility ecosystem’

Rumors have been circulating for the past month that Didi Chuxing was homing in a mammoth new funding round, and today the Chinese ride-hailing titan has confirmed that it has indeed closed a gargantuan $5.5 billion financing round. The money will be used as part of its efforts to “build an efficient and sustainable global mobility ecosystem,” according to a […]

Crunch Report | China’s Didi Chuxing Valuation Hits $50B

Didi Chuxing is valued at more than $50 billion, SiriusXM acquires Automatic for more than $100 million, Apple Music wants to be Apple Video with the next iteration of the app focused on video and Everfi raises a $190 million round. All this on Crunch Report. Read More

China’s Didi Chuxing is raising up to $6 billion at a valuation of over $50 billion

Didi Chuxing, the on-demand giant that drove Uber out of China, is set to become the world’s second-highest valued tech startup. Beijing-based Didi is in the process of raising a round that could reach as high as $6 billion at a valuation that would exceed $50 billion, a source with knowledge of discussions told TechCrunch. Show More Summary

Didi surpassed Uber in rides more than a year ago. Is it about to surpass Uber in valuation?

It’s happening. Just as we’ve long predicted, Didi Chuxing is poised not only to become the largest ridesharing company in the world in terms of volume of rides, but it getting close to becoming the largest ridesharing company in the world in terms of valuation as well...

Didi Chuxing may cure world of traffic jams, says Tim Cook

Apple CEO Tim Cook had nothing but high praise for Didi Chuxing CEO Jean Liu in an exert he wrote about her for Time magazine. Liu was named one of Time’s 100 most influential people of 2017. Cook, who sits on Didi’s board, was asked to write about Liu and said that her taxi-hailing startup […] (via Cult of Mac - Tech and culture through an Apple lens)

Apple CEO Tim Cook touts Didi Chuxing's data gathering abilities, strong community ties

Apple CEO Tim Cook wrote a profile of Didi Chuxing president Jean Liu as part of the "TIME 100 Most Influential People" special, offering insight into Apple's investment in the Chinese ride-hailing service.

Apple CEO Tim Cook Says Didi Chuxing 'May Help Traffic Jams Go the Way of the Flip Phone'

Didi Chuxing president Jean Liu has been named one of TIME's 2017 most influential people, and Apple CEO Tim Cook wrote an excerpt about her for the magazine. In it, Cook calls Liu a "disrupter" for building a transportation platform that offers "convenience and flexibility" to millions of commuters. Show More Summary

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