July 18th, 2018Didi Chuxing, a China-based ride-hailing online company has secured funds amounting to $500 million from a US-based travel company known as Booking Holdings.
The basic aim of this funding round is to bolster the company’s plans to make an entry into the fresh markets outside of China. Both the companies announced the investment in a...
June 22nd, 2018China’s search engine major, Baidu Inc. on Thursday tested its two self-driving cars on an unused expressway in north China's Tianjin City.
As informed by the company, this was the very first time for Baidu's automated cars to be tested on the Tangshan-Langfang expressway which is scheduled to open later this year. The trial run...
May 14th, 2018Didi Chuxing, Chinese largest cab riding company has been given the go-ahead to test autonomous driving cars in California on May 10 according to the California Department of Motor Vehicles' website.
The move has come in the wake of US rival Uber being given a suspension for its driverless car programme across North America after a...
May 12th, 2018China's Largest Ride Aggregator Service, Didi Chuxing has reported to halt one of its domestic services for over a week following a death of female passenger that sparked questions on safety this Friday.
The killing of a 21-year-old flight attendant in the central province of Henan last week diverted attention leading to an intense...
April 5th, 2018Meituan Dianping, a Chinese mobile internet company also operating a trading platform and local life information recently acquired Mobike for $2.7 billion. Tencent Holdings support both companies and the deal is likely to increase the competition between the holding company and the Alibaba Group as both companies go toe-to-toe in a...
December 21st, 2017Chinese ride-hailing service Didi Chuxing Technology Co has raised $4 billion in a new funding round, the firm said on Thursday, boosting its war chest as it looks to expand overseas and intensify a challenge to Uber Technologies Inc.
The fundraising will help fuel the firm’s global expansion plans as well as help it develop its...
December 8th, 2017Beijing, China's ride hailing giant Didi Chuxing is planning to expand its services to expand to Mexico by next year, marking the company's first international expansion move. This also signals a new phase of competition with global ride sharing company Uber, which quit its Chinese business by selling it to Didi in 2016 after lengthy and...
November 21st, 2017SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.
Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led...
November 7th, 2017SoftBank CEO Masayoshi Son on Monday said he could still walk away from the deal between SoftBank Group Corp and Uber, after the negotiations for stake in the cab aggregator platform. He also added that perhaps the company may even invest in Uber's rival Lyft.
“Depending on the price and conditions, it is wholly possible we could...
October 11th, 2017One of India's unicorn, Ola, operated by ANI Technologies Pvt Ltd has confirmed that it has closed a $1.1 billion funding from Tencent Holdings, a leading Chinese internet company.
The round also saw participation from its existing investor- SoftBank Group and other new US-based financial investors. Ola also said that it is in...
August 8th, 2017DiDi Chuxing, China's largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi's latest international expansion against rival Uber.
DiDi is seeking to turn up the heat on ride-sharing pioneer Uber via a string of partnerships with regional players in Southeast Asia,...
