China’s largest ride-hailing firm Didi Chuxing was summoned by the Road Transport Management Bureau of Zhejiang Province and 11 city level transportation bureaus for operating without licenses in some cities, and was warned of unfair competition, according to a notice on China’s Ministry of Transport’s website. Didi hasn’t obtained ride-hailing licenses in five cities in… Continue reading Didi Chuxing Cited For Operating Without Licenses Amid Tougher Competition
Tag: Didi
Chinese Uber competitor Didi Chuxing reportedly in talks to launch $80 billion IPO
Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering (IPO), according to a report.
Renault-Nissan-Mitsubishi joins DiDi Chuxing in DiDi Auto Alliance
World’s leading automotive alliance joins DiDi to pursue new mobility solutions in China Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, today announced it is one of the partners of DiDi Auto Alliance (the D-Alliance), which was formed by DiDi Chuxing (‘DiDi’), the top Chinese mobile transportation platform. The DiDi Auto Alliance is an intelligent ride-sharing alliance… Continue reading Renault-Nissan-Mitsubishi joins DiDi Chuxing in DiDi Auto Alliance
China’s Didi Chuxing launches its ride-hailing service in Mexico
China’s ride-sharing leader Didi Chuxing has continued its global march after it officially launched in Mexico, expanding its battle with Uber to a new front. The company raised $4 billion in December to expand overseas and it hasn’t held back on doing so this year. Hot on the heels of moves into Brazil, Taiwan and… Continue reading China’s Didi Chuxing launches its ride-hailing service in Mexico
Lyft is considering entering Japan’s challenging ride-hailing market for some reason
Lyft, Uber’s chief nemesis in the U.S., is thinking of entering the fiercely competitive Japanese ride-hailing space, according to comments from one of its founders. “We would love to be in Japan, and we also will be looking at that possibility,” John Zimmer, Lyft co-founder and president, said at the New Economy Summit 2018 in Tokyo.… Continue reading Lyft is considering entering Japan’s challenging ride-hailing market for some reason
UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
SAN FRANCISCO (Reuters) – Ride-hailing company Uber Technologies Inc [UBER.UL] said on Monday it has agreed to buy electric bicycle service JUMP Bikes, allowing Uber to offer U.S. passengers an alternative to cars and further consolidating the crowded bike-sharing industry. FILE PHOTO: The logo of Uber is seen on an iPad, during a news conference… Continue reading UPDATE 2-Uber agrees to buy electric cycle-sharing startup JUMP Bikes
Uber acquires bike-share startup JUMP
Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was contemplating a sale that exceeded $100 million. We’re now hearing that… Continue reading Uber acquires bike-share startup JUMP
China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
LightRocket via Getty Images In December, Reuters reported that China’s Didi Chuxing ride-hailing company would be expanding its business into Mexico, taking on rival Uber, which has the largest foothold in the country. Now, Reuters reports that the company is actively recruiting drivers and plans a launch in Toluca, Mexico. Sources familiar with the plan… Continue reading China’s ride-hailing service Didi Chuxing recruits drivers in Mexico
Uber rival Didi makes Mexico launch official, recruits drivers
MEXICO CITY/SAN FRANCISCO (Reuters) – Chinese ride-hailing company Didi Chuxing has publicly launched in Mexico with a website advertising its service to drivers and passengers and setting the stage for a potentially expensive showdown with rival Uber. FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016.… Continue reading Uber rival Didi makes Mexico launch official, recruits drivers
Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings
Wang Xing, CEO of Chinese group-buying and location-based services firm Meituan Dianping, has confirmed Meituan’s acquisition of bike sharing firm Mobike in an internal letter reported by local media. China Money Network yesterday reported Meituan was in talks to buy Mobike for US$3.7 billion, including the assumption of debt of US$1 billion. Meituan did not… Continue reading Meituan Confirms $3.7B Mobike Acquisition To Strengthen Its Mobility Offerings