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
Tag: Didi
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
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by… Continue reading Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Chinese ride-hailing firm Didi to step up a gear as regulators end probe
Chinese ride-hailing company Didi Global plans to expand services and offer more subsidies to passengers and drivers, it said on Thursday, looking to shore up its business in China following the end of a regulatory probe. The company will work with partners in the industry to offer more services and cover more cities, it said in an online statement posted on Thursday that cited a speech at… Continue reading Chinese ride-hailing firm Didi to step up a gear as regulators end probe
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
China’s robotaxi upstart WeRide confidentially files for IPO
WeRide.ai, one of the most funded Chinese robotaxi operators, has confidentially filed to go public in the U.S., Bloomberg reported on Monday. The company declined to comment when reached by TechCrunch. China’s autonomous driving startups have been racking up hefty investments in the past few years to fuel their technology development and fleet deployment, which… Continue reading China’s robotaxi upstart WeRide confidentially files for IPO
China’s SAIC Motor sets up $574m fund to invest in new energy, auto, chipsThe new fund held its first close at almost $488m.
Chinese state-owned automaker SAIC Motor Corp is setting up a 4-billion-yuan ($574.2 million) fund in cooperation with a group of domestic companies to invest in the automobile ecosystem. The fund, which is managed by SAIC Motor’s private equity (PE) investment platform Shang Qi Capital, held its first close at almost 3.4 billion yuan ($488.1 million),… Continue reading China’s SAIC Motor sets up $574m fund to invest in new energy, auto, chipsThe new fund held its first close at almost $488m.
This e-bike brand by Lime and Didi vets pedals into the US with $12M raised
The e-bike market in America is getting a brave new player. Off the back of its $7.4 million Series A funding close, Velotric announced this week that it will be doubling down on U.S. expansion with its privately-owned e-bikes. The new round boosts the one-year-old startup’s total financing to $12 million. The amount seems paltry compared… Continue reading This e-bike brand by Lime and Didi vets pedals into the US with $12M raised
Online Taxi Services Global Market Report 2023
NEW YORK, Feb. 23, 2023 /PRNewswire/ — Major players in the online taxi services market are Ola (ANI Technologies Private Limited), Uber India Systems Private Limited, Lyft Inc., Didi Chuxing, GrabTaxi Holdings Pte Ltd, Carzonrent (India) Private Limited, Mega Cabs Private Limited, Meru Mobility Tech Private Limited, and Savaari Car Rentals Private Limited. Read the… Continue reading Online Taxi Services Global Market Report 2023
China’s Dida renews Hong Kong IPO plan despite regulatory challenges
Dida Inc, a Chinese online platform that offers carpooling and taxi-hailing services, has renewed its Hong Kong listing plan in yet another attempt to sell shares in the Asian financial hub despite regulatory challenges faced by the country’s rapid-evolving ride-sharing industry. Backed by China’s e-commerce giant JD.com, New York-listed Trip.com, and electric vehicle (EV) maker… Continue reading China’s Dida renews Hong Kong IPO plan despite regulatory challenges