Category: News Type

US customers filed a class action lawsuit against German car companies on

Thursday, 07/27/2017 15:46 clock The cartel allegations against German carmakers could also have legal consequences in the USA. Throw three customers Volkswagen . Daimler and BMW to have violated US competition law, among other things with illegal agreements on prices and exhaust technology. The corresponding Complaint behind which the law firm Robins Kaplan stands ,… Continue reading US customers filed a class action lawsuit against German car companies
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NewMargin Capital Leads Series B Round In Bike Sharing Firm Xiaoming Bike

NewMargin Capital, a venture capital firm listed on China’s New Third Board, has led a series B round worth hundreds of millions of RMB in Xiaoming Bike, a Guangzhou-based bike sharing start-up. No additional financial details were disclosed in a company announcement. Investors in China continue to back new bike sharing companies in the belief… Continue reading NewMargin Capital Leads Series B Round In Bike Sharing Firm Xiaoming Bike

Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

Shanghai-based bike sharing company Mobike has begin a trial to monetize its vast network of five million bikes around 100 cities globally by selling raincoats at RMB268 (US$39.5) apiece, in its first major attempt to make money outside of charging users for rides. The company, which has raised nearly US$1 billion this year at a… Continue reading Mobike Starts Selling Raincoats In First Attempt To Monetize Via E-Commerce

LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors

Amidst an ongoing liquidity crisis, the founder of Chinese tech conglomerate LeEco has sold his stake in Menlo Park, California-based electric vehicle company Lucid Motors. Jia Yueting, who once dreamed of creating a Chinese tech juggernaut combining the attributes of Netflix, Apple and Tesla, revealed the news of his divestment last week during an especially… Continue reading LeEco Founder Jia Yueting Sells Stake In US EV Firm Lucid Motors

Hellobike Raises Series B+ Round From EV Start-Up WM Motor

WM Motor, an electric vehicle start-up founded by the former China head of Volvo Car Corporation, has made a strategic investment in Hellobike, a bike-sharing start-up focused on mid-size cities across China. Hellobike, which two months ago raised hundreds of millions of RMB in a series B round led Chengwei Capital, and is also backed… Continue reading Hellobike Raises Series B+ Round From EV Start-Up WM Motor

New Taxify Category

Estonian Parliament recently accepted a new transportation law, which set same rules for both private and taxi drivers. Taxify will now merge Private and Taxi categories into a New Taxify category that will provide the biggest fleet in Tallinn and the fastest arrival times. Ride prices are now calculated with the Taxify app and all cars will follow the same quality… Continue reading New Taxify Category