Toyota President Akio Toyoda today announced a new mobility service business alliance at CES 2018, the global technology showcase in Las Vegas. He also revealed details of a new e-Palette Concept Vehicle, designed to meet the demands of future multi-mode transport and business applications. He said: “The automobile industry is clearly amid its most dramatic… Continue reading Toyota Launches New Mobility Ecosystem and Concept Vehicle at CES 2018
Tag: Didi
China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
FAW Car Co Ltd., a Shenzhen Stock Exchange-listed passenger car maker will take a 10% stake in bike-sharing firm Mobike’s new car-sharing unit Mobike Chuxing Technology Co, according to a securities filing by FAW. Mobike’s venture in to car sharing could place it in direct competition with China’s largest ride sharing firm Didi Chuxing. The value of… Continue reading China’s FAW Car Buys 10% Stake In Mobike’s Car-sharing Unit Mobike Chuxing
Asia tech news roundup – Jan 8
Ooi Huey Tyng, GrabPay’s new managing director for Singapore, Malaysia, and the Philippines. Photo credit: Grab / MovingStills Photography Funding for a used luxury goods marketplace, corporate backing for Mobike’s ride-hailing venture, and another high-profile executive appointment at Grab. Here are the day’s top tech news stories from around the region. Transportation More details of Didi’s… Continue reading Asia tech news roundup – Jan 8
China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
BEIJING (Reuters) – FAW Car Co Ltd (000800.SZ) said on Sunday it was taking a 10 percent stake in Chinese bicycle-sharing startup Mobike’s new car-sharing unit Mobike Chuxing Technology Co. Mobike Chuxing was set up in December with registered capital of 20 million yuan ($3 million). With the strategic investment, FAW will provide electric cars… Continue reading China’s FAW Car buys 10 percent stake in Mobike’s new car-sharing unit
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
Meituan gives out munificent ride-hailing subsidies to take on Didi
Meituan gives out munificent ride-hailing subsidies to take on Didi · TechNode Jan 18, 2018 Dec 12, 2017 Aug 1, 2017 Jan 10, 2018 Dec 1, 2017 Jul 20, 2017 Dec 29, 2017 Aug 31, 2017 Jul 12, 2017 Dec 21, 2017 Aug 3, 2017 Jun 3, 2017
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
Didi just pocketed $4 billion in funding and is set to face a new rival in ride-hailing—Meituan
Didi just pocketed $4 billion in funding and is set to face a new rival in ride-hailing—Meituan · TechNode Jan 19, 2018 Jan 10, 2018 Dec 21, 2017 Jan 18, 2018 Jan 8, 2018 Dec 12, 2017 Jan 18, 2018 Jan 3, 2018 Dec 1, 2017 Jan 11, 2018 Dec 29, 2017 Nov 6, 2017
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