Tag: Didi

China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen

China’s largest ride sharing firm Didi Chuxing has reportedly acquired collapsed bike sharing firm Bluegogo and is incubating an internal bike sharing brand, as Didi’s relationship with Chinese bike sharing leader ofo worsens. The Didi-ofo alliance appears on the verge of collapsing, Chinese media reported citing insiders with knowledge of the situation. Didi, which reportedly… Continue reading China’s Didi Rumored To Buy Failed Bike Sharing Firm Bluegogo As Didi-Ofo Relations Worsen

Daimler Group to be divided into three

The Daimler Board of Management has decided to take the first steps in a major redesign plan: In the future, the car company will consist of three independent divisions. The Stuttgart hopes that more clout against new rivals such as Tesla or Apple. Daimler headquarters in Stuttgart Monday, 16.10.2017 15:27 clock Daimler CEO Dieter Zetsche… Continue reading Daimler Group to be divided into three

Mobike-Ofo Merger Unlikely As Alibaba, Tencent Battle For Bike Sharing Dominance

To merge or not to merge? This is a question now beyond the control of the two companies most expected to combine in China at the moment: bike sharing unicorns Mobike and ofo. That is because their respective ultimate backers, Tencent Holdings Ltd. and Alibaba Group, both want to dominate the industry believed to shape… Continue reading Mobike-Ofo Merger Unlikely As Alibaba, Tencent Battle For Bike Sharing Dominance

Matrix Partners China Reveals Biggest Investment Mistakes And Lessons Learned

Matrix Partners China, a joint venture fund between U.S. venture capital firm Matrix Partners and its Chinese partners, has revealed its biggest investment mistakes and lessons learned since being founded in 2008, offering insights into how even the smartest investors can miss great opportunities. Matrix China and its founding managing partner David Zhang, also known… Continue reading Matrix Partners China Reveals Biggest Investment Mistakes And Lessons Learned

China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

After years of explosive growth, China’s vast sharing economy is entering consolidation mode. The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang, both valued at US$1 billion on China Money Network’s China Unicorn Ranking. The deal may herald more mega-mergers in the sharing space due to intense competition and overlapping business… Continue reading China’s Uber-Like Trucking Unicorns Merge As Sharing Economy Consolidates

China’s Used Car Deals Speed Up As Didi Chuxing Invests $200M In Renrenche.com

Didi Chuxing has bought US$200 million worth of shares in Beijing-based second-hand car marketplace Renrenche.com in a strategic investment, marking the latest investment deal in China’s fast moving online used-car market, according to Didi’s announcement. The funding is a boost for Renrenche, as its three top competitors have each raised money recently. Uxin Group, Guazi.com… Continue reading China’s Used Car Deals Speed Up As Didi Chuxing Invests $200M In Renrenche.com

Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan

Chinese bike sharing company ofo and Japan’s SoftBank Commerce & Services Corp. have reached a basic agreement to collaborate on the deployment of ofo’s global bike sharing business in Japan. It is unclear if SoftBank Commerce & Services Corp., a unit owned by Brightstar, which is part of a family of companies within Softbank Group,… Continue reading Chinese Bike Sharing Firm Ofo Partners With SoftBank C&S To Expand Into Japan