Tag: Didi

Booking.com owner backs Chinese Uber rival Didi with $500m

The US owner of Booking.com has backed Chinese ride-hailing app Didi Chuxing to the tune of $500m (£380m) as the company eyes making in-roads into Western markets. Booking.com and other travel sites will now offer integration with Didi, presenting a way for Western travelers and tourists to book rides using the Chinese app which offers a… Continue reading Booking.com owner backs Chinese Uber rival Didi with $500m

Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

HONG KONG: Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public offering (IPO), people with direct knowledge of the matter said. While Didi has never confirmed its plans for an initial public offering,… Continue reading Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers… Continue reading Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

July 17, 2018 Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters. Didi is hoping to raise between $1 billion and $1.5 billion… Continue reading Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

Spain’s Cabify ‘categorically denies’ that it is in negotiations for a full or partial sale to Lyft

Transportation-on-demand service Lyft, now valued at over $15 billion after raising another $600 million in June, is on the hunt to scale its business. One move it might not be making soon, however, is to expand operations into Spain and Latin America by way of an acquisition of one of the leading players in the… Continue reading Spain’s Cabify ‘categorically denies’ that it is in negotiations for a full or partial sale to Lyft

Electric collective taxis from Moia from 2019 in use

D The VW subsidiary Moia, responsible for mobility services, will be launching its shuttle service in Hamburg in the first months of 2019. At the beginning, a double-digit number of electric minibuses will chauffeur passengers through the city, announced a spokesman. This number should then rise soon after the official start to 200, by the… Continue reading Electric collective taxis from Moia from 2019 in use

Toyota captures data goldmine in $1 billion Grab bet

TOKYO/SINGAPORE (Reuters) – By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend stuck in traffic. FILE PHOTO: Commuters walk past a Grab transport booking… Continue reading Toyota captures data goldmine in $1 billion Grab bet

China’s Didi Chuxing continues its international expansion with Australia launch

Didi Chuxing, China’s dominant ride-hailing company, is continuing its international expansion after it announced plans to launch in Australia this month. The company — which bought Uber’s China business in 2016 — said it will begin serving customers in Melbourne from June 25 following a month-long trial period in Geelong, a neighboring city that’s 75km… Continue reading China’s Didi Chuxing continues its international expansion with Australia launch

Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet

SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet