Tag: Didi

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

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