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Ola Sideswiped as Uber, Didi Team Up in China
Four months ago, Ola executives met with Didi hoping the Chinese firm would invest fresh capital to help it fight Uber.
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Didi's Dominance of Uber in China Offers Roadmap for Ride-Hailing Rivals
Didi had a head start and maintained the lead on Uber with a strategy that other rivals may emulate, analysts and investors said.
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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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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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China Confirms Legal Status of Ride-Hailing Industry
Uber and Didi Chuxing said they welcomed the rules and the official endorsement of the industry.
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Uber to Invest 'Substantial Portion' of $3.5 Billion Funding on India
"A substantial portion will be for India. We have grown exponentially over the last two years and remain bullish on the Indian market where we continue to register remarkable growth."
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Chinese Ride-Hailing Giant Didi Plans US IPO in 2018: Report
Its stock market listing would be the most high-profile by a Chinese company in the US since Alibaba's IPO two years ago.
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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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Apple Invests $1 Billion in Chinese Uber-Rival Didi Chuxing
Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.
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Uber Rival Said to Raise Funding Goal to Over $1.5 Billion
Uber's largest competitor will be valued at more than $20 billion in the round, said a person familiar with the matter.
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China Finds Drug Users And Convicts Among Ride-Hailing App Drivers
Five ride-hailing platforms in China, including Didi Kuaidi and Uber, have been called in by authorities in the southern city of Shenzhen over the lax process of screening drivers, the official Xinhua news agency reported.
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Uber Losing $1 Billion A Year To Compete In China
The company's Chinese business boosted its valuation last month to more than $8 billion after raising more than $1 billion in its latest funding round, but the U.S. ride-hailing app is not yet profitable in mainland China because of the intense competition.
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Uber Losing $1 Billion a Year to Compete in China
"We're profitable in the USA, but we're losing over $1 billion a year in China," Uber CEO Travis Kalanick told Canadian technology platform Betakit.
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Uber vs Ola in India: How Do They Stack Up?
Two heavily financed cab-aggregator unicorns lock horns to be the go-to personal transportation app in India. Who has the winning playbook?
-
Ola Sideswiped as Uber, Didi Team Up in China
Four months ago, Ola executives met with Didi hoping the Chinese firm would invest fresh capital to help it fight Uber.
-
Didi's Dominance of Uber in China Offers Roadmap for Ride-Hailing Rivals
Didi had a head start and maintained the lead on Uber with a strategy that other rivals may emulate, analysts and investors said.
-
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.
-
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.
-
China Confirms Legal Status of Ride-Hailing Industry
Uber and Didi Chuxing said they welcomed the rules and the official endorsement of the industry.
-
Uber to Invest 'Substantial Portion' of $3.5 Billion Funding on India
"A substantial portion will be for India. We have grown exponentially over the last two years and remain bullish on the Indian market where we continue to register remarkable growth."
-
Chinese Ride-Hailing Giant Didi Plans US IPO in 2018: Report
Its stock market listing would be the most high-profile by a Chinese company in the US since Alibaba's IPO two years ago.
-
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.
-
Apple Invests $1 Billion in Chinese Uber-Rival Didi Chuxing
Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.
-
Uber Rival Said to Raise Funding Goal to Over $1.5 Billion
Uber's largest competitor will be valued at more than $20 billion in the round, said a person familiar with the matter.
-
China Finds Drug Users And Convicts Among Ride-Hailing App Drivers
Five ride-hailing platforms in China, including Didi Kuaidi and Uber, have been called in by authorities in the southern city of Shenzhen over the lax process of screening drivers, the official Xinhua news agency reported.
-
Uber Losing $1 Billion A Year To Compete In China
The company's Chinese business boosted its valuation last month to more than $8 billion after raising more than $1 billion in its latest funding round, but the U.S. ride-hailing app is not yet profitable in mainland China because of the intense competition.
-
Uber Losing $1 Billion a Year to Compete in China
"We're profitable in the USA, but we're losing over $1 billion a year in China," Uber CEO Travis Kalanick told Canadian technology platform Betakit.
-
Uber vs Ola in India: How Do They Stack Up?
Two heavily financed cab-aggregator unicorns lock horns to be the go-to personal transportation app in India. Who has the winning playbook?
