BEIJING (Reuters) – China’s online used car trading platform Renrenche aims to cut as much as 60 per cent of staff as it battles tight funding and fierce competition, a source familiar with the matter told Reuters on Monday. The move comes amid a slowdown in China’s tech sector that has led to caution among… Continue reading China’s used car platform Renrenche looks to slash jobs by 60%, source says
Tag: Didi
Ride-hailing startup OnTime to launch in Guangzhou before expansion into Greater Bay Area
The move comes as China’s ride-hailing market heats up after Didi beat Uber out of the country in 2016. Go to Source
Most SoftBank Vision Fund investors want to join second fund, says Son
Most investors in SoftBank Group Corp’s $100 billion Vision Fund want to join the group’s forthcoming second fund, founder and Chief Executive Masayoshi Son said on Wednesday, adding discussions would begin soon. The entrepreneur said in May a second fund would launch “soon”, with SoftBank likely to be the only investor initially. Raising further funds… Continue reading Most SoftBank Vision Fund investors want to join second fund, says Son
Didi opens platform to rival firms as super-app battle heats up
The move comes as rivals Meituan Dianping and AutoNavi continue to expand their operations. Go to Source
China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
A woman walks past a sign of station for Didi Chuxing in Beijing, China January 2, 2019. REUTERS/Jason Lee SHANGHAI (Reuters) – Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America. The company kicked off operations of Didi Express… Continue reading China’s Didi Chuxing starts ride-hailing services in Chile, Colombia
Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Jun 5, 2019 2 min read A commuter rides past a row of shared bicycles in Shanghai on March 22, 2019. (Image credit: TechNode/Cassidy McDonald) Guangzhou has become the first Chinese municipal government to reverse a ban on additional rental bikes, the popularity of which resulted in tangles of broken frames littering major cities. The… Continue reading Mobike, Hellobike, Didi allowed to bring new bikes in Guangzhou
Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
Jun 4, 2019 1 min read Chinese Bike-Sharing Rental Rates Go Up Since April, Hellobike Increases to RMB 4 Per Hour, Double that Weeks Ago -PingWest What happened: Following in the footsteps of Mobike and Bluegogo, Ant Financial-owned Hellobike recently doubled the rates for bike rentals in Beijing from RMB 2 to RMB 4 an… Continue reading Briefing: Ant Financial’s Hellobike follows Mobike, Bluegogo in doubling Beijing rate
In brief: Toyota mulls $550m investment in China’s Didi
The report added that Toyota was also looking to launch a new mobility services company in China. Go to Source
Toyota may invest about $550m in Chinese ride-hailing firm Didi
A Toyota Motor Corp. badge is displayed on the wheel hub of a vehicle inside the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Friday, Feb. 3, 2017. Photographer: Kiyoshi Ota/Bloomberg Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant… Continue reading Toyota may invest about $550m in Chinese ride-hailing firm Didi
Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei
TOKYO, May 29 (Reuters) – Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan’s top automaker was also looking to set up a new mobility-services company in China, the Nikkei said. Toyota has made large investments in other… Continue reading Toyota may invest about $550 mln in China ride-hailing firm Didi – Nikkei