Tag: Didi

SoftBank-backed Mapbox targets ride-hailing, self-driving cars

July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars

China’s Didi Chuxing is close to launching a taxi-booking service in Japan

Days after raising $500 million via a strategic investment from travel giant Booking Holdings, Chinese ride-hailing giant Didi Chuxing has continued its international push with the launch of a local business in Japan. Its new Japan-based unit is a joint venture with SoftBank, a longtime Didi investor, which has been in the works since an announcement back… Continue reading China’s Didi Chuxing is close to launching a taxi-booking service in Japan

UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO

FRANKFURT (Reuters) – German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies. FILE PHOTO: Flags of German tyre company Continental are seen before the annual news… Continue reading UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO

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