Cabs | Pixr8 News

Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world's largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. With the addition of Foxconn, Didi's roster of investors is increasingly a who's who of global tech giants, including the likes of Apple Inc, Uber Technologies Inc and Chinese firms Tencent Holdings Ltd, Alibaba Group Ltd and Baidu Inc. The deal was made public in a stock exchange filing by Hon Hai Precision Industry Co Ltd, the trading name of Foxconn. In the statement, Foxconn said its subsidiary Foxteq Holdings Inc would own 0.355 percent of Didi, one of China's highest-valued start-ups. The transaction gives Didi a valuation of $33.7 bill...

“Why own a car, when you have a taxi at your doorstep?” has emerged as a trending concept in India. India is witnessing a revolutionary change in urban road passenger conveyance – from traditional horse carriages of only a few decades earlier to modern-day fleet cabs, radio taxis and rental cars. The industry, very new and growing fast, is already valued at $6-$9 billion. The following new models of business operation are visible in the Indian context: Marketplace/ aggregator business model This model has emerged as the most popular model operated by large players like Uber, Ola, Meru, Taxi for sure (‘TFS’) (acquired by Ola in a cash and stock deal of $200 million), YourCabs, TaxiGuide, TaxiPixi, and BookmyCab, etc. In this model, drivers register themselves with the operato...

Tag: Cabs

Taiwan’s Foxconn Invests in Chinese Ride-Hailing Startup Didi Chuxing

Decoding India’s passenger conveyance: From Traditional Horse Carriages To Modern-Day fleet cabs, radio taxis and rental cars