Didi Chuxing Deal
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Opinion: Uber's Kalanick Should Fear This 59-Year-Old Billionaire: Gadfly
Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company as it is the startup passing around a begging bowl. Chen foreshadowed the fundraising a month ago when she wrote that SoftBank would lead the deal, which at the time was being considered by China's largest ride-hailing com...
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Uber Says Didi Deal Frees Resources for Key Indian Market
Uber says it now operates in 28 cities in India, and is completing 5.5 million passenger car trips per week.
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Uber Says Didi Deal Frees Resources For Indian Market
US ride-hailing firm Uber said that the recent deal to fold its China operations into local rival Didi Chuxing would allow it to invest more in India, where it has recorded rapid growth this year, according to a letter to investors obtained by Reuters on Wednesday.
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China Says Probing Didi, Uber Deal on Antitrust Concerns
It is unclear how the investigation could affect Didi's planned acquisition and subsequent integration of Uber's China unit.
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Didi's Cheng Wei: Chinese Patriot Who Tamed Uber
Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber's China business in a deal valuing his ride-hailing start-up at $35 billion - a second success in as many years in a gruelling battle with a rival.
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Didi, Uber Deal Will Need China's Commerce Ministry Approval, Says Regulator
A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of U.S. rival Uber could face its first hiccup after China's commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the deal to go ahead.
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China Regulator Says Didi, Uber Deal Will Need Mofcom Approval
Mofcom, one of China's antitrust regulators, said at a news briefing that the two firms need to seek approval for the deal to go ahead.
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Didi's Dominance Of Uber In China Offers Roadmap For Ride-Hailing Rivals
San Francisco: China ride-hailing service Didi Chuxing's dominance of Uber Technologies Inc in the China market may provide a play book for other regional rivals to fend off the biggest U.S. ride-hailing company, especially in other Asian countries.
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Uber Loses Bid For China Business, Plans To Merge With Main Rival
The $35 billion deal with competitor Didi Chuxing deal marks the end of Uber's China dream.
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Uber to Merge China Operations With Rival Didi Chuxing: Report
The deal will give Uber a 20 percent share in the combined firm, Bloomberg News reported, adding it will be valued at $35 billion.
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Didi Chuxing To Buy Uber's China Business In $35 Billion Deal
Ride-hailing firm Didi Chuxing said on Monday it will buy Uber's China operations, in a deal that will give Uber a stake in the company and end bruising competition between the two.
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Apple's Tim Cook Visits Beijing After China Woes, Didi Deal
Apple Inc chief executive Tim Cook visited Beijing on Monday, days after announcing a $1-billion deal with ride-hailing app Didi Chuxing, and as the US firm tries to reinvigorate sales in China, its second largest market after the United States.
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Apple CEO Tim Cook Visits Beijing After China Woes, Didi Deal
At an Apple Store in central Beijing on Monday, Cook met with Didi Chuxing President Jean Liu, according to the ride-hailing company on Monday.
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Apple, Chinese Rideshare Deal Heats Up Race for Tech-Smart Cars
Tim Cook said investing in the leading Chinese ride sharing service could expand its presence in that "very, very important" market, and serve other ends as well.
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Opinion: Uber's Kalanick Should Fear This 59-Year-Old Billionaire: Gadfly
Reading between the lines, this investment looks as much like SoftBank Group Corp. pushing money onto the four-year-old company as it is the startup passing around a begging bowl. Chen foreshadowed the fundraising a month ago when she wrote that SoftBank would lead the deal, which at the time was being considered by China's largest ride-hailing com...
-
Uber Says Didi Deal Frees Resources for Key Indian Market
Uber says it now operates in 28 cities in India, and is completing 5.5 million passenger car trips per week.
-
Uber Says Didi Deal Frees Resources For Indian Market
US ride-hailing firm Uber said that the recent deal to fold its China operations into local rival Didi Chuxing would allow it to invest more in India, where it has recorded rapid growth this year, according to a letter to investors obtained by Reuters on Wednesday.
-
China Says Probing Didi, Uber Deal on Antitrust Concerns
It is unclear how the investigation could affect Didi's planned acquisition and subsequent integration of Uber's China unit.
-
Didi's Cheng Wei: Chinese Patriot Who Tamed Uber
Cheng Wei, 34, was once assistant to the head of a foot massage firm. Last week, his company Didi Chuxing bagged Uber's China business in a deal valuing his ride-hailing start-up at $35 billion - a second success in as many years in a gruelling battle with a rival.
-
Didi, Uber Deal Will Need China's Commerce Ministry Approval, Says Regulator
A merger between Chinese ride-hailing firm Didi Chuxing and the China unit of U.S. rival Uber could face its first hiccup after China's commerce ministry (Mofcom) said on Tuesday it had not received a necessary application to allow the deal to go ahead.
-
China Regulator Says Didi, Uber Deal Will Need Mofcom Approval
Mofcom, one of China's antitrust regulators, said at a news briefing that the two firms need to seek approval for the deal to go ahead.
-
Didi's Dominance Of Uber In China Offers Roadmap For Ride-Hailing Rivals
San Francisco: China ride-hailing service Didi Chuxing's dominance of Uber Technologies Inc in the China market may provide a play book for other regional rivals to fend off the biggest U.S. ride-hailing company, especially in other Asian countries.
-
Uber Loses Bid For China Business, Plans To Merge With Main Rival
The $35 billion deal with competitor Didi Chuxing deal marks the end of Uber's China dream.
-
Uber to Merge China Operations With Rival Didi Chuxing: Report
The deal will give Uber a 20 percent share in the combined firm, Bloomberg News reported, adding it will be valued at $35 billion.
-
Didi Chuxing To Buy Uber's China Business In $35 Billion Deal
Ride-hailing firm Didi Chuxing said on Monday it will buy Uber's China operations, in a deal that will give Uber a stake in the company and end bruising competition between the two.
-
Apple's Tim Cook Visits Beijing After China Woes, Didi Deal
Apple Inc chief executive Tim Cook visited Beijing on Monday, days after announcing a $1-billion deal with ride-hailing app Didi Chuxing, and as the US firm tries to reinvigorate sales in China, its second largest market after the United States.
-
Apple CEO Tim Cook Visits Beijing After China Woes, Didi Deal
At an Apple Store in central Beijing on Monday, Cook met with Didi Chuxing President Jean Liu, according to the ride-hailing company on Monday.
-
Apple, Chinese Rideshare Deal Heats Up Race for Tech-Smart Cars
Tim Cook said investing in the leading Chinese ride sharing service could expand its presence in that "very, very important" market, and serve other ends as well.
