Uber will no longer take minority stakes in rival ride-hailing companies globally, a top executive at the company told CNBC on Wednesday, potentially signaling an end to its retreat from markets outside of the U.S. The company recently sold its Southeast Asia business to Singapore-based rival Grab in exchange for a27.5 percent stakein the firm.… Continue reading Uber not interested in any more Grab-style deals, signaling its international retreat could be over
Tag: Didi
Didi appoints one of its execs to lead ride-hailing service 99
Didi, the Chinese transportation behemoth that acquired Brazilian ride-hailing service 99 back in January, has replaced 99’s chief executive with one of its own, Recode first reported. Stepping in to replace Peter Fernandez is Tony Qiu, who most recently oversaw Didi’s luxury business. Before joining Didi, Qiu had stints at Morgan Stanley and Bain Capital. Fernandez… Continue reading Didi appoints one of its execs to lead ride-hailing service 99
India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void
Another contender is throwing its hat into the ring to replace Uber in Southeast Asia after India’s Jugnoo, a startup that specializes in offering autorickshaws on-demand in India, revealed it plans to enter Singapore. Uber announced its exit from Southeast Asia last month in a deal that sees Grab buy its regional business, and since… Continue reading India’s Jugnoo adopts a unique take on ride-hailing to help fill Singapore’s Uber void
Didi Chuxing Cited For Operating Without Licenses Amid Tougher Competition
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
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