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Posts Tagged ‘ Didi Chuxing ’

Uber to buy Geometric Intelligence to strengthen its AI wing

Tuesday, December 6, 2016 | More »

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US- based ride-hailing app Uber Inc. on Monday made two significant announcements in its blog. The first was its creation of a new division for artificial intelligence (AI), called AI Labs, to be based in San Francisco. The second announcement was that Uber is acquiring an AI startup Geometric Intel...

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Uber’s UK-based rival Karhoo shuts shop

London-headquartered Karhoo Technologies Ltd, which runs taxi app Karhoo announced on Tuesday that they are shutting down operations because of a fund crunch. The startup, which started operations just six months ago had raised $250 million and hired 120 people to take on the world’s largest cab-h...

9 November, 2016 | More »

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A peek at Uber’s revamped rider app

US-based ride hailing service Uber just overhauled its app in order to offer a “faster and personalised” experience to customers. The last redesign of the Uber app, which was launched in 2009, was done in 2012. Here is a peek at the app’s updated features: Destination first: The company claims...

4 November, 2016 | More »

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Now Chinese ride-hailing major Didi Chuxing wants to go global

Chinese taxi-hailing firm Didi Chuxing has expressed its ambitions to go global. Didi’s president Jean Liu made it clear at an event in the US that, “We are definitely going global.” “We are a big sponsor and a big believer in local players. If there are no existing local players, we will go...

21 October, 2016 | More »

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Uber still not ready for IPO, says CEO Travis Kalanick

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...

20 October, 2016 | More »

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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 »

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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 »

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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 »

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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 »

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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 »

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