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Posts Tagged ‘ Didi Chuxing ’

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

Thursday, September 8, 2016 | More »

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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...

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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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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 »

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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 »

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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 »