Japanese telco giant SoftBank has confirmed the size of its investment into Didi Chuxing, aka the Uber of China, and the figure is $5 billion (~¥550,000M).
JapanesetelcogiantSoftBankhasconfirmedthesizeofitsinvestmentintoDidiChuxing,akatheUberofChina,andthefigureis$5billion(~¥550,000M).ThelastiteminSoftBank’sfiscaly
Over the past ten days, many people in China, especially those in first-tier cities including Beijing and Shanghai, have been complaining that it takes over 30 minutes to grab a car through Didi Chuxing, China's premier online car and taxi hailing platform.
Despite posting a roaring 161 percent year-on-year profit growth in its half year financial report on Tuesday, China's biggest auto rental company CAR Inc may not in the mood to pop the Champagne and celebrate just yet over its booming business.
Chinese ride-hailing giant Didi Chuxing has added another service into its growing list of product offerings – renting cars to drivers and the growing number of domestic tourists in the country.
The mega merger between the top two ride-hailing service providers in China came into focus on Wednesday after the country's antitrust watchdog said it had a right to investigate the deal.
Last week's truce-merger, if you will-between rival discount cab ride apps Didi Chuxing and Uber China followed years of fierce competition. Here is the low-down on the proposed deal.
Guotai Junan Securities made an official apology to car hailing app Didi Chuxing on Wednesday night after having mistaken an unidentified person for a senior executive of the company during a roadshow on Tuesday morning.
Chinese on-demand mobility (ODM) firm Didi's takeover of the business of Uber China has triggered worries over potential monopoly and price hikes.
Chinese on-demand mobility (ODM) firm Didi's takeover of the business of Uber China has triggered worries over potential monopoly and price hikes.
Uber Technologies Inc. investors have a message for management: It’s time to wrap up the costly fight in China.
With more internet users than any other country and a fast-rising middle class, China is one of the most sought-after markets in the world.
Amid costly struggle, some investors say ride-hailing rivals might need to combine
Insurer makes move despite already having invested in Uber Technologies Chinese operation
Company is targeting Hong Kong and upgrading its safety features
A driver for Chinese ride hailing app Didi Chuxing in the southern city of Shenzhen has been arrested for robbing and murdering a passenger, local police said on Monday.
A $1 billion investment by Apple in a Chinese ride-hailing app is a rounding error for the Silicon Valley giant, which generates about $4 billion in profit every month and has $233 billion in cash and securities in the bank.