Browsing: Didi Chuxing

World
Uber rival, China’s Didi, eyes global stage

Didi Chuxing has scored another investment from SoftBank Group in a massive funding round that will bankroll the Chinese ride-hailing leader’s exploration of new markets and technologies. Didi said it’s secured

World
What Apple is really doing in the car space

After years toiling away in secret on its car project, Apple CEO Tim Cook has for the first time laid out exactly what the company is up to in the automotive market: it’s concentrating on self-driving technology. “We’re focusing on autonomous

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China’s Didi breaks records with $5,5bn funding

Ride-hailing giant Didi Chuxing raised more than $5,5bn from investors, scoring the single largest round of funding on record to bankroll an expansion beyond China and into driver-less technology. Didi disclosed the financing in an

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Tencent rainmaker takes biggest gamble yet

Richard Peng didn’t get to become one of China’s most accomplished dealmakers by pussyfooting around. In 2013, the Tencent acquisitions chief took a shine to a scrappy little ride-hailing app called Didi. He tracked down reluctant founder

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Lifting the lid on Uber’s financials

Uber Technologies isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time. Uber said its revenue growth is outpacing losses, hoping to show the business is on a strong

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Uber, Didi to merge to create $35bn firm

Uber Technologies will sell its China business to Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter, ending a costly battle between the two companies