Tag: Didi

Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

DUBLIN, April 18, 2023 /PRNewswire/ — The “Robo Taxis Global Market Report 2023” report has been added to  ResearchAndMarkets.com’s offering. The global robo taxis market grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The robo taxis market is expected to grow to $17.84 billion… Continue reading Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027

China retains position as world’s second largest unicorn hub: Hurun

China held its position as the world’s second-largest base for unicorns, or private firms valued at above $1 billion, trailing the US, according to the latest report published on Tuesday by Chinese wealth research firm Hurun.  Per the Global Unicorn Index 2023, China accounted for a total of 316 unicorns, or 23% of the 1,361… Continue reading China retains position as world’s second largest unicorn hub: Hurun

China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service

China’s ride hailing giant Didi is back in public view after two years of staying low amid a regulatory crackdown. The SoftBank-backed company announced Friday at a company open day a series of product ambitions, including working with Chinese carmakers to deploy self-developed robotaxis to the public on a 24/7 basis by 2025, which will… Continue reading China’s Didi to dispatch robotaxis 24/7 in 2025, announces trucking service

Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025

Chinese ride-hailing giant DiDi debuted the DiDi Neuron, a concept robotaxi. It has an arm in the back to pick up luggage or wake up sleeping passengers. DiDi is working with Chinese carmakers to develop its own autonomous taxis which it is aiming to put into service in 2025. DiDi Global DiDi Global on Thursday… Continue reading Chinese ride-hailing giant DiDi developing own driverless taxis, plans to roll them out in 2025

China Self-Driving Startup WeRide Files for $500 Million US IPO, Sources Say

(Bloomberg) — Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US and is looking to raise as much as $500 million, according to people familiar with the situation. Most Read from Bloomberg The Guangzhou-based startup is working with advisers on a potential listing that could… Continue reading China Self-Driving Startup WeRide Files for $500 Million US IPO, Sources Say

Cardinal, a provider of AI decision-making tech to Huawei and Xiaomi, raises $73mThe company counts ZhenFund and Northern Light Venture Capital among …

Cardinal Operations, a Chinese developer of artificial intelligence (AI)-based decision-making technologies, has secured nearly 500 million yuan ($72.8 million) in two Series C extension rounds, it announced on Friday. Beijing-based Cardinal raised the new financing in a Series C2 round led by Yuexiu Industrial Investment Fund, a private equity (PE) firm focusing on southern China’s… Continue reading Cardinal, a provider of AI decision-making tech to Huawei and Xiaomi, raises $73mThe company counts ZhenFund and Northern Light Venture Capital among …

Global and China Automotive High-precision Positioning Industry Report 2023 Featuring Providers of Basic High-precision Positioning Services and 25 High-precision Positioning Module Suppliers

DUBLIN, March 31, 2023 /PRNewswire/ — The “Global and China Automotive High-precision Positioning Research Report, 2023” report has been added to  ResearchAndMarkets.com’s offering. With the continuous development of autonomous driving, the demand for high-precision positioning technology is increasing. As intelligent vehicles tend to pre-embed hardware, ever more passenger cars are equipped with high-precision positioning hardware.… Continue reading Global and China Automotive High-precision Positioning Industry Report 2023 Featuring Providers of Basic High-precision Positioning Services and 25 High-precision Positioning Module Suppliers

Didi launches autonomous driving service in Guangzhou

Chinese ride-hailing company Didi Chuxing launches autonomous driving services in the Huadu district of Guangzhou, Guangdong province, on Monday. [Photos provided to chinadaily.com.cn] Chinese ride-hailing company Didi Chuxing launched autonomous driving services in the Huadu district of Guangzhou, Guangdong province, on Monday, aiming to tap the growing market. Using WeChat mini programs to ride autonomous… Continue reading Didi launches autonomous driving service in Guangzhou

Alibaba considers yielding control of some businesses post IPO

Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more… Continue reading Alibaba considers yielding control of some businesses post IPO