Category: News Type

Taxify partnering with Didi Chuxing

Taxify is happy to announce a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. Under this new partnership, DiDi will invest in and collaborate with us to support our further growth and innovation across all markets. We will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe… Continue reading Taxify partnering with Didi Chuxing

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