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 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...
October 9th, 2017Uber said on Monday it would suspend its unlicensed service UberPOP in Oslo until Norway introduces new rules, as the U.S. ride-hailing app adopts a more conciliatory tone with national authorities.
The move follows a similar one-year suspension in Finland in July to allow a new taxi law to come into effect, however there is no set...
October 3rd, 2017Another Indian Unicorn saw $2 billion fund raising on Monday. Ola- India's ride hailing company raises $2 billion from SoftBank Group Corp and Tencent Holdings Ltd, another high profile funding in this year after Flipkart which competes with Amazon.
Although as per the Bloomberg's report the amount is not fixed for now and can change...
