Category: News Site

Daimler sells more cars than ever before

Mercedes sales in China are booming: Sales of the Daimler brand increased by 17.2 percent compared with the same month last year. Despite record levels, shareholders worry about the future of the car maker. Dieter Zetsche, CEO of Daimler AG Friday, 06.04.2018 12:28 clock The carmaker Daimler benefit from good sales in China, In March,… Continue reading Daimler sells more cars than ever before

Doubts about BMW’s Saubermann image

What did BMW know about collusion in the diesel scandal? Internal documents show how actively the Group debated a dosing strategy with Daimler and Audi. The Munich is even attributed a leadership role. BMW CEO Harald Krüger (center) framed by Daimler CEO Dieter Zetsche (left) and VW CEO Matthias Müller (right) Sunday, 30.07.2017 16:13 clock… Continue reading Doubts about BMW’s Saubermann image

BMW plans European Uber

The car company BMW is looking for new business areas. With DriveNow, the Bavarians are already investing in the carsharing business, now they want to start a carpool service according to SPIEGEL-ONLINE information. Administration building of BMW in Munich Monday, 14.03.2016 09:09 clock BMW wants to build in Europe a competitor to the driving service… Continue reading BMW plans European Uber

BMW and Bosch are negotiating damages

The delivery problems at the end of May are expensive for Bosch. Because BMW wants to have replaced the damage caused by the forced stop of production. It’s about millions. BMW production in Leipzig Friday, 07.07.2017 1:52 pm BMW calls for the loss of production due to lack of steering gear compensation from its supplier… Continue reading BMW and Bosch are negotiating damages

Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

Beijing-based bike sharing firm ofo, which raised US$130 million venture funding last month following a capital injection from Didi Chuxing, has expanded its operations to 22 cities in China and increased total bike count to 160,000. Mobike, backed by Hillhouse Capital, Warburg Pincus and others, entered its fifth city yesterday. Both companies are racing to… Continue reading Didi-Backed Bike Sharing Start-Up Ofo Expands To 22 Cities In China

New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

After two Chinese bike sharing start-ups Ofo and Mobike raised a combined US$230 million in October, a third bike sharing company is joining the battleground. An investment unit of Shenzhen-listed chemicals and trading company Jiangsu Huaxicun Co., Ltd. has led a RMB150 million (US$22 million) series A funding round in Ubike, a new comer to… Continue reading New Chinese Bike Sharing Start-Up Raises $22M To Compete In Heated Market

Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

A week after bike sharing firm Mobike announced an over US$100 million fundraising, Beijing-based rival ofo said it had secured US$130 million series C financing round led by CITIC Private Equity, Coatue Management and Xiaomi Inc. The drama seems all too familiar: Two companies engaged in competitive fundraising, while trying to outbid each other on… Continue reading Didi-Backed ofo Secures $130M Series C As Bike-Sharing Battle Leads To Predictable Ending

Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Shanghai-based bike sharing mobile app Mobike has raised over US$100 million in a new round of financing led by Hillhouse Capital and Warburg Pincus, a few days after Didi Chuxing invested tens of millions of U.S. dollars in rival start-up ofo, signaling the pair are ready to embark on an intensive battle to grab market… Continue reading Hillhouse Joins $100M Series C Round In Mobike As Bike Sharing Battle Heats Up

Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo

Didi Chuxing has invested tens of millions of U.S. dollars in ofo, an urban bicycle sharing platform, to expand the Chinese ride share giant’s operations into the so-called last mile mobility space. As part the investment, DiDi plans to include ofo bike sharing offerings on its own mobile apps. The two companies did not disclose… Continue reading Didi Chuxing Invests In Chinese Bike Sharing Start-Up Ofo