Tag: Didi

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

My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei

In late July, I did a tour of Mobike’s headquarters in Beijing – and I had a fascinating talk with founder Hu Weiwei and VP of International Expansion Chris Martin. It was a fantastic experience and I left with a much better appreciation of the rocket-ship ride the company has been on. I am writing… Continue reading My Visit To Mobike Headquarters And What I Learned From Founder Hu Weiwei

Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa

China’s largest ride sharing company Didi Chuxing has agreed to form a strategic partnership with Taxify, a leading ride sharing firm in Europe and Africa. No financial details were disclosed. Didi will invest in and collaborate with Taxify to support the latter’s growth and innovation across its markets, according to a company announcement. Launched in… Continue reading Chinese Ride Sharing Giant Didi Partners With Taxify To Expand In Europe, Africa

Taxify partnering with Didi Chuxing

Taxify is happy to announce a strategic partnership with Didi Chuxing, the world’s leading mobile transportation platform. Under this new partnership, DiDi will invest in and collaborate with us to support our further growth and innovation across all markets. We will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe… Continue reading Taxify partnering with Didi Chuxing

Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

What do you do when your closest rival raises a record financing round? Complete a larger fundraising and set a new record, of course. That’s what Beijing-based bike sharing company ofo Inc. just did. A few weeks after competitor Mobike raised US$600 million, ofo announced today that it has raised more than US$700 million led… Continue reading Ofo Sets New Fundraising Record After Collecting $700 Million In New Round

China’s Bike Rental Firms Mobike, ofo Are Raising Nearly $1 Billion In Fresh Funding

As city streets in China become a theater for the current venture capital-fueled bike rental start-up frenzy, the two biggest bike rental companies in the country, Shanghai-based Mobike and Beijing-based ofo, are both raising massive new financing rounds totaling nearly US$1 billion. Mobike is raising a new round worth several hundred million U.S. dollars, which… Continue reading China’s Bike Rental Firms Mobike, ofo Are Raising Nearly $1 Billion In Fresh Funding