From working at a foot massage company to setting up China’s biggest ride-hailing firm, Will Wei Cheng has navigated several hurdles on the path to taking Didi Global Inc public in a $4.4-billion New York float. As Cheng rose to the upper echelons of Chinese technology entrepreneurs, he faced challenges including tough competition, intense criticism for Didi after rape and murder cases linked to its drivers… Continue reading Founders of Chinese ride-hailing firm Didi eye global growth after $4.4b IPO
Tag: Uber
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
CEO of DiDi Cheng Wei at the D1 launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing is set to IPO in the US at a valuation of up to $70 billion, according to the Wall Street Journal. Didi controls much of the Chinese ride-hailing market, after a bruising… Continue reading Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
@BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
Mountain View, CA -June 24, 2021… BMW i Ventures announced today an investment in Kodiak Robotics, Inc., a leading developer of self-driving long-haul trucking technology. The funds from the BMW i Ventures investment help Kodiak expand its team and fleet, as well as continue to develop its industry-leading self-driving technology purpose-built for long-haul trucks. Kodiak is… Continue reading @BMW: BMW i Ventures Announces an Investment in Kodiak Robotics.001230
VW’s Diess sees autonomy transforming cars more than electrification – Automotive News
CEO says automaker’s joint efforts with Ford on self-driving vehicles are making good progress June 22, 2021 01:09 PM Bloomberg {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{^main_image_url}} {{ source.title }} {{title}} {{ abstract }} read more {{/main_image_url}} {{/content}} ]]> Volkswagen Group is undergoing the world’s largest industrial overhaul for the electric-vehicle… Continue reading VW’s Diess sees autonomy transforming cars more than electrification – Automotive News
Cabana Secures $10M in Series A Funding
This most recent round of financing brings the company’s total capital investment to $15 million. “Cabana’s growth during the pandemic proves the increasing consumer shift away from traditional modes of travel,” explains David Sacks, co-founder and general partner of Craft. “We look forward to seeing Cabana expand into new markets and enhance its superior fleet… Continue reading Cabana Secures $10M in Series A Funding
Let Users Own the Tech Companies They Help Build
A tech-eternity ago, in 2016 and 2017, one of us helped organize a shareholder campaign at Twitter, asking the platform to explore strategies for making its users into co-owners of the company. Twitter was then entertaining acquisition offers from the likes of Disney and Salesforce. To those of us in the campaign, it seemed wrong… Continue reading Let Users Own the Tech Companies They Help Build
Instacart has poached an Uber marketing exec as its new VP of brand and marketing as it mulls a direct listing
Instacart has hired Uber marketing exec Laura Jones as its new VP of brand and marketing. The grocery delivery company is planning a direct listing and is valued at $39 billion. Jones led marketing for Uber’s rides business and is credited with building its product marketing organization. See more stories on Insider’s business page. Instacart… Continue reading Instacart has poached an Uber marketing exec as its new VP of brand and marketing as it mulls a direct listing
Uber and Lyft have long said they pay drivers fairly, but they haven’t shared all the data that could prove it (UBER, LYFT)
Uber and Lyft are trying to lure drivers back on the road with the promise of high earnings. But both have struggled to back up past claims about earnings, leaving many drivers skeptical. Experts told Insider Uber and Lyft’s refusal to share pay data is largely to blame. See more stories on Insider’s business page.… Continue reading Uber and Lyft have long said they pay drivers fairly, but they haven’t shared all the data that could prove it (UBER, LYFT)
Drivers Union To Launch New Support Services July 1 With First-In-The-Nation Protections For Uber/Lyft Drivers
SEATTLE, June 17, 2021 /PRNewswire/ — On July 1, Seattle Uber and Lyft drivers will become the first gig workers in the nation to benefit from legal protections against unwarranted termination when the City’s groundbreaking Deactivation Rights Ordinance is implemented. On the same day, Drivers Union will launch new support services to help drivers appeal unwarranted… Continue reading Drivers Union To Launch New Support Services July 1 With First-In-The-Nation Protections For Uber/Lyft Drivers
PITCH-DECK LIBRARY: Search over 350 pitch decks that startups including Uber, Postmates, and Airbnb used to raise millions
Startups persuade investors to fund their ideas using pitch decks, or presentations that combine facts with storytelling. Business Insider publishes these decks to give inside look at how successful companies persuaded investors to fund them. We’ve compiled these decks into a searchable library. Billions of dollars in venture capital flow every year to startups that… Continue reading PITCH-DECK LIBRARY: Search over 350 pitch decks that startups including Uber, Postmates, and Airbnb used to raise millions