Category: News Site

In Shanghai, A Bike-Sharing Start-Up Discovers Users Don’t Want To Share

Mobike, a Shanghai bike sharing start-up founded by a former Uber manager in the Chinese city, is discovering that some Chinese users like to ride the bike but don’t want to share with others. The company’s mobile app allows users to find the closest bikes, then by scanning a QR code on the bike to… Continue reading In Shanghai, A Bike-Sharing Start-Up Discovers Users Don’t Want To Share

Panda Capital Leads $10M Series B Round In Mobile

Panda Capital has led a US$10 million series B round in Mobike, a Shanghai-based mobile app that allows users to rent bikes for short distance commute, according to Chinese media reports. Joy Capital also participated in the round. Launched in December 2015, Mobike operates its own bike fleet equipped with self developed smart lock and… Continue reading Panda Capital Leads $10M Series B Round In Mobile

Didi And Uber China Ink Landmark Deal To Merge Operations In China

In a landmark deal, Chinese ride share giant Didi Chuxing has agreed to acquire all assets of Uber China, including its brand, business operations and data for operation within China, according to a company announcement. In exchange for the Uber China assets, Uber will receive 5.89% of the combined company with preferred equity interest which… Continue reading Didi And Uber China Ink Landmark Deal To Merge Operations In China

Poly Group Invests $400M As Part Of Didi’s New Funding Round

Chinese state-owned real estate conglomerate Poly Group has invested US$400 million in Didi Chuxing as the country’s largest ride share company’s latest US$7.3 billion financing round announced last week. Poly, which invested through two vehicles managed by Poly Capital Management, will in turn obtain a 1.45% of Didi Chuxing at a valuation of over US$27.6… Continue reading Poly Group Invests $400M As Part Of Didi’s New Funding Round

Bentley Bentayga V8 2018 review

Following the launch of W12 petrol and V8 diesel engines, this is the third and perhaps the most convincing powerplant to feature in Bentley’s monumentally capable Bentayga SUV. It’s a 4.0-litre, 90-degree V8 with its two twin-scroll turbochargers sitting within the vee of the cylinders. You’ll find it also in the Porsche Cayenne Turbo, and… Continue reading Bentley Bentayga V8 2018 review

Vauxhall Mokka X review

Inert handling lets the Mokka X down, but the excellent 1.4 Turbo petrol and comfortable ride are strong points The Mokka X’s relaxed nature is most evident when cornering. While the electrically assisted steering is quick and precise, there’s very little feedback through the wheel to make you feel connected with the road. Where a… Continue reading Vauxhall Mokka X review

New Ferrari Portofino 2018 review

It might not have been the most revered car in Ferrari’s line-up, nor the fastest, but the V8-engined California T was still an exceedingly desirable sports car all the same. Now Ferrari has improved its front-engined, rear-wheel-drive roadster, giving it a new name 10 years after the original California T was first seen. Welcome to the all-new £166,180, 199mph Ferrari Portofino.… Continue reading New Ferrari Portofino 2018 review