Tag: Didi

Uber to open third Latin America support center in Bogota

A screen displays the company logo for Uber Technologies Inc. on the day of it’s IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid BOGOTA (Reuters) – Ride-hailing app Uber will spend $40 million over five years to open its third support center in Latin America in… Continue reading Uber to open third Latin America support center in Bogota

China’s Didi shuns Mexico’s ride-hailing tax plan

MEXICO CITY, May 20 (Reuters) – Chinese ride-hailing platform Didi said on Monday it would not take part for now in a new Mexican scheme to retain tax from drivers and delivery riders at technology companies, after rival firms Uber and Cabify signed up to the program. In a statement, Didi said it will continue… Continue reading China’s Didi shuns Mexico’s ride-hailing tax plan

China’s Tesla wannabe Xpeng starts ride-hailing service

There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to hire an electric car. And EVs are designed with better compatibility with autonomous driving, which is expected to hit the public road in the coming… Continue reading China’s Tesla wannabe Xpeng starts ride-hailing service

Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in… Continue reading Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan

FILE PHOTO: The logos of Didi Chuxing and SoftBank are pictured during a news conference about their Japanese taxi-hailing joint venture in Tokyo, Japan, July 19, 2018. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Didi Mobility Japan, a joint venture (JV) by China’s Didi Chuxing and SoftBank Corp, said on Wednesday that it would expand its taxi-hailing… Continue reading Didi-SoftBank taxi-hailing JV expands to 13 cities across Japan

Sony launches a taxi-hailing app to rival Uber in Tokyo

Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian… Continue reading Sony launches a taxi-hailing app to rival Uber in Tokyo

Uber has already made billions from its exits in China, Russia and Southeast Asia

Uber’s exits from China, Russia and Southeast Asia were billed as failures from the company, but the ride-sharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S1 on Thursday U.S. time and reporters and analysts are frantically digging into a treasure trove of previously-unreleased… Continue reading Uber has already made billions from its exits in China, Russia and Southeast Asia

Didi steps up financial drive as it courts car leasing companies

Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls a dominant slice of China’s ride-hailing market, released financial and insurance products targeting riders and drivers. Its service offering just broadened after the startup launched… Continue reading Didi steps up financial drive as it courts car leasing companies