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Posts Tagged ‘ Didi Chuxing ’

Uber still not ready for IPO, says CEO Travis Kalanick

Thursday, October 20, 2016 | More »

Uber Technologies Inc., the world’s largest cab-hailing service provider, is not yet ready for an initial public offering, co-founder and CEO Travis Kalanick has said. “I feel like we maybe just entered high school,” Kalanick told Vanity Fair at an event in San Francisco. “It’s the nin...


Ola in talks with SoftBank and General Motors to raise $500 mn

ANI Technologies Pvt Ltd, which runs cab-hailing app Ola, is reportedly in talks with its existing investors that include Japan’s SoftBank and US-based General Motors, for a fresh round of funding to raise $500 million. Ola has held preliminary discussions with US automobile giant General Motors (...

13 October, 2016 | More »


Uber to enter bus aggregation space in India

US-based taxi hailing firm Uber Technologies Inc plans to enter the bus and mini-van aggregator space in India with the launch of Uber Everything, according to Mint report on Wednesday, citing an unidentified source. Uber is looking to strengthen its presence in India after selling its China busines...

12 October, 2016 | More »


Apple-backed Didi plans self-driven cars

The Chinese ride hailing firm Didi Chuxing is reportedly working on self-driving cars. According to Bloomberg Businessweek, Didi Chuxing, which recently took over world’s largest cab-hailing app Uber’s China business, is looking to hire data scientists and engineers from the Silicon Valley in US...

7 October, 2016 | More »


Uber says China deal with Didi Chuxing to help boost India play

US cab-hailing firm Uber Technologies Inc has said the recent deal with Didi Chuxing, its Chinese competitor, will allow it to invest more in India, according to a report. Citing a 7 September letter written by Uber to its investors, Reuters reported the company as saying that India is now its large...

8 September, 2016 | More »


Uber-Didi-Ola: A tangled web of shareholding

The merger of UberChina and Didi Chuxing is likely to lead to a tricky relationship among the two companies and Indian cab aggregator Ola. This is because the transaction would give Uber Technologies Inc. a considerable 17.7% stake in Didi Chuxing, according to various media reports. The complicatio...

2 August, 2016 | More »


What UberChina’s merger with Didi Chuxing means for India

Uber Technologies Inc.’s decision to exit China after selling its local ride-hailing business to rival Didi Chuxing will make life easier for the two companies but it makes things a bit complicated for India’s largest cab aggregator—Ola. For, San Francisco-based Uber will now have greater room...

1 August, 2016 | More »


What Ola can learn from Didi Chuxing on its battle against Uber

Chinese cab-hailing firm Didi Chuxing, the main local competitor for Uber Technologies Ltd in China, has just raised an incredible $7.3 billion in fresh financing. The latest round brings DidiChuxing’s war chest to about $10.5 billion, against the $11.5 billion on Uber’s balance sheet. Q...

20 June, 2016 | More »


Didi Chuxing raises $7.3 bn in fresh fundraise; GST draft model has e-commerce firms worried

Chinese ride-hailing firm Didi Chuxing has raised $7.3 billion in a fresh round of funding while the Goods and Services Tax draft model has e-commerce firms worried about a clause that mandates tax collection at source on payments made to vendors. Here’s a quick round-up of the startup and tec...

16 June, 2016 | More »

Apple invests $1 bn in China’s Didi Chuxing

Apple Inc has invested $1 billion in Chinese ride-hailing firm Didi Chuxing, earlier known as Didi Kuaidi, in a deal that gives the tech giant a stake in Uber Technologies Inc’s main competitor in the world’s second-largest economy. The deal with Apple is the single-largest investment Di...

13 May, 2016 | More »