Didi Chuxing
Latin America is the next stage in the race for dominance in the ride-hailing market
As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the next proving ground to determine who will be the victor in the ride-hailing market.
Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the…
Didi makes more safety changes — and will pause night services while it does
Chinese ride-hailing giant Didi has detailed further safety measures incoming to its platform following a second murder of a female passenger last month. The 20-year-old woman had been using Didi’s Hitch…
Rappi raises $200M as Latin American tech investment reaches new highs
Rappi, the Colombian on-demand delivery startup, has brought in a new round of funding at a valuation north of $1 billion, as first reported by Axios and confirmed to TechCrunch by…
China announces transportation industry reform, days after murder of Didi carpooling passenger
The Chinese government announced it will reform the transportation industry to safeguard passengers, three days after a female passenger was allegedly raped and murdered by a Didi Chuxing driver last…
China’s Didi suspends carpooling service after another female passenger is murdered
Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatality is…
Alibaba confirms it raised $3B for its newly consolidated local services business
Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it…
SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international
SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last…
Unicorn exits are taking flight. With the IPO window wide open, an apparent record number of venture-backed companies privately valued over $1 billion have launched public offerings this year.
China’s Didi beefs up its newly-independent car services business with an acquisition
A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition. Xiaoju Automobile Solutions (XAS),…
Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more
Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and…
India’s Uber rival Ola is headed to Europe with ride-hailing launch in the UK
The UK is getting a new alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which will become its first market in Europe. Ola…
China’s Didi pumps $1B into its rebranded driver services business
Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese…
Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia
Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $2 billion in new capital as it seeks…
China’s Didi Chuxing is close to launching a taxi-booking service in Japan
Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business…
Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing
Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was…
China’s Didi Chuxing continues its international expansion with Australia launch
Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in…
Didi will resume late night Hitch rides, but only allow drivers to pick up passengers of the same sex
Didi Chuxing’s inter-city carpooling service will resume night operations on a limited basis about a month after a female passenger was allegedly murdered by an unregistered driver who accessed the…
Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation
There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new…
The well-funded startups driven to own the autonomous vehicle stack
At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels…
Pick up some moving insights into the future of mobility with Gett chief executive Dave Waiser in Tel Aviv
Dave Waiser has been at the forefront of the mobility technology revolution in Israel for the past eight years, ever since he launched Gett in 2010. One of the last…
China’s Didi pares back ‘hitchhiking’ car service following passenger murder
Didi Chuxing is making big changes to Hitch, its inter-city carpooling service, following the murder of a passenger at the hands of a driver earlier this month. Last week, Didi —…
Quite a number of companies — 53, to be exact — have received permits to test self-driving cars with a safety driver in California. One of the more notable companies…
China’s Didi Chuxing suspends carpooling service following murder of a passenger
Didi Chuxing, China’s largest ride-hailing service, has suspended its Hitch, one of its carpooling services, for one week as it investigates the murder of a passenger. The victim was a…
China’s Didi Chuxing launches its ride-hailing service in Mexico
China’s ride-sharing leader Didi Chuxing has continued its global march after it officially launched in Mexico, expanding its battle with Uber to a new front. The company raised $4 billion…
Lyft is considering entering Japan’s challenging ride-hailing market for some reason
Lyft, Uber’s chief nemesis in the U.S., is thinking of entering the fiercely competitive Japanese ride-hailing space, according to comments from one of its founders. “We would love to be…
China’s Didi Chuxing confirms it has launched a food delivery business
Amid plenty of speculation, China’s ride-hailing leader Didi Chuxing has officially entered the food delivery space. The company, which acquired Uber’s China-based business in 2016, confirmed today it is running…
Global tech firms and investors are reshaping Latin America’s startup environment
Latin America is emerging as the new battleground for the global tech giants, and some of Silicon Valley and Asia’s biggest investors—from Sequoia Capital to SoftBank—are taking notice. International investment…
Sony Corp. to launch an AI-based taxi-hailing service in Japan
Sony Corporation said today that it will build an AI-based ride-hailing system in Japan in partnership with five taxi companies. The service will use artificial intelligence to manage taxi dispatches…
China’s Didi partners with SoftBank to launch taxi-hailing services in Japan
Uber’s tangled relationship with investors Didi and SoftBank is about to get more complicated after the duo inked an agreement to introduce taxi-hailing services that will compete directly with Uber…
