BEIJING — The vehicle has no steering wheel nor a gas or brake pedal, but the AI-loaded concept dubbed “robocar” unveiled Wednesday by Baidu, the Chinese company best known for its search engine, showcases its advances in an eight-year effort to develop autonomous-driving technology. The debut of the futuristic car coincides with Baidu’s renewed push to produce electric vehicles through… Continue reading AI-packed ‘robocar’ puts Baidu in the self-driving fast lane
Tag: Didi
Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) —… Continue reading Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm
TechnologyChina’s Didi improves pay transparency for drivers8:14 AM UTC
BEIJING, Aug 16 (Reuters) – China’s Didi Global Inc (DIDI.N) said on Monday it will provide its drivers in several Chinese cities with more details on the fees they receive, the first big move by the ride-hailing giant after state media accused it of paying drivers unfairly. Didi said drivers in seven Chinese cities including… Continue reading TechnologyChina’s Didi improves pay transparency for drivers8:14 AM UTC
Chinese ride-hailer Didi says will be more transparent on driver income after criticism
China’s Didi Global Inc said on Monday drivers in several Chinese cities will be able to know details on how Didi pays them, the first big move by the ride-hailing giant after it was criticised by state media that it pays drivers unfairly. In a post on Weibo, Didi said drivers in seven Chinese cities will be the first to know… Continue reading Chinese ride-hailer Didi says will be more transparent on driver income after criticism
ChinaDidi denies management changes amid cybersecurity probe6:41 AM UTC
BEIJING, Aug 12 (Reuters) – China’s ride-hailing giant Didi Global Inc (DIDI.N) said on Thursday that rumours about a possible management change are not true. “Didi is actively and fully cooperating with regulators’ cybersecurity probe, market rumours about management change at the company is not true,” Didi said in a Weibo post. The statement followed… Continue reading ChinaDidi denies management changes amid cybersecurity probe6:41 AM UTC
Change Suite · 4:08 AM UTCChinese tech firms ‘self-correct’ to get ahead of potential regulatory furyFretting about unprecedented regulatory heat for …
BEIJING, Aug 11 (Reuters) – Fretting about unprecedented regulatory heat for China’s tech sector, some companies are no longer waiting for any official reprimands that may or may not be forthcoming. Instead, eager to pre-empt authorities, they’ve decided to ‘self-correct’, imposing restrictions on or even walking away from their own businesses. KE Holdings (BEKE.N), China’s… Continue reading Change Suite · 4:08 AM UTCChinese tech firms ‘self-correct’ to get ahead of potential regulatory furyFretting about unprecedented regulatory heat for …
Ride-hailing service Didi mulls giving up data control to appease China
Chinese ride-hailing firm Didi Global Inc is in talks with state-owned information security firm Westone to handle its data management and monitoring activities, sources said, as part of its efforts to placate domestic regulators. The largest Chinese ride-hailing group became the target of an investigation by regulators in the country just days after it raised… Continue reading Ride-hailing service Didi mulls giving up data control to appease China
Uber shares fall despite revenue beat as its core operations continue to lose money
The company reaffirmed Q4 adjusted profit target, swung to positive net income thanks to investments Alex Wilhelm Kirsten Korosec 8 hours Today after the bell U.S. ride-hailing giant Uber reported its second-quarter financial results. The company’s numbers come a day after its domestic rival, Lyft, shared its own Q2 earnings. Notably while Lyft managed to… Continue reading Uber shares fall despite revenue beat as its core operations continue to lose money
Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
HONG KONG — Chinese electric vehicle maker Li Auto is seeking to raise $1.9 billion through a listing on the Hong Kong Stock Exchange that will give it greater security amid rising capital market tensions between Washington and Beijing. Li Auto went public only a year ago on the Nasdaq Stock Market, raising $1.1 billion.… Continue reading Chinese EV maker Li Auto launches $1.9bn Hong Kong listing drive
German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002
The former boss of the traditional German brand Opel, Michael Lohscheller (52), is drawn to Vietnam. In the private conglomerate Vingroup, he is to head the Vinfast Global auto division, announced the company on Tuesday. Lohscheller is said to be the Vietnamese markets, USA, Canada, France, Germany and the Netherlands and initially expand business in… Continue reading German Manager Magazin: Michael Lohscheller: Ex-Opel boss moves to conglomerate Vingroup in Vietnam001002