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Tag Archives: didi

Renault-Nissan-Mitsubishi and DiDi Signs MOU to Explore Car-sharing in China

Posted on February 8, 2018 by J Sammy Leave a comment

PARIS, TOKYO, and YOKOHAMA, Japan, Feb. 7, 2018 /CNW/ – Renault-Nissan-Mitsubishi, the world’s leading automotive alliance, today announced it has signed a memorandum of understanding with DiDi Chuxing (‘DiDi’), the leading Chinese mobile transportation platform, to explore future business cooperation on a new electric vehicle car-sharing program in the People’s Republic of China. The memorandum of understanding signed with DiDi

Press Release

China’s Mobility & Electric Vehicle Companies Investment Landscape

Posted on November 1, 2016 by J Sammy Leave a comment

There has been tremendous financial support flowing into the China innovation scene, especially the rising mobility economy. Gao Feng is helping to shepherd the ideas, help build a disruptive business model and execute the disruption to fruition. In August, the ride-hailing scene turned on its head. China’s homegrown player, Didi Chuxing, had humbled global giant Uber and won the battle

Didi Expands On-Demand Services to Bicycle-Sharing

Posted on September 26, 2016 by J Sammy Leave a comment

Didi Chuxing dominates car-hailing in China, is investing tens of millions of dollars in ofo, a bikes-on-demand startup conceived two years ago on the grounds of Beijing’s prestigious Peking University as a student project, and which now bills itself as the country’s largest bicycle-sharing platform. The company founded by college alumnus Dai Wei operates almost 70,000 bright-yellow bikes and handles half a million

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Apple iPhone Assembler Invests in China’s Ride-Hailing Didi Chuxing

Posted on September 9, 2016 by J Sammy Leave a comment

Foxconn Technology Group, the world’s largest contract manufacturer of electronics, said Thursday that a subsidiary had invested $119.9 million in Chinese ride-hailing company Didi Chuxing Technology Co. Foxconn unit Forteq Holdings Inc. has acquired a 0.36% stake in Didi, the Taiwanese company said in a filing to the Taiwan Stock Exchange. The deal values Didi at about $33 billion, higher

Markets

GM’s Lyft Faces Rocky Road as Cash Rich Uber turns focus on the US

Posted on August 6, 2016 by J Sammy Leave a comment

General Motors Co. and Lyft Inc. are going to have a lot harder time wringing benefits from their newly minted partnership now that their biggest ride-sharing rivals just formed an alliance of their own in the world’s largest economy.

Grab is Set to Raise $1 Billion

Posted on August 5, 2016 by J Sammy Leave a comment

As Uber Technologies Inc. turns away from China, a competitor is raising funds to cement its dominance in Southeast Asia and fend off the tech titan based in San Francisco. Uber’s decision to sell its China business to Didi Chuxing Technology Co. is giving Singapore-based Grab renewed confidence it can take on Uber and win on its home turf. Grab

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Uber Sells China Operations to Didi Chuxing

Posted on August 2, 2016 by J Sammy Leave a comment

Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber’s China business that was valued

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China Clears Road for Uber to Operate Legally

Posted on July 29, 2016 by J Sammy Leave a comment

Beijing has given the green light for Uber Technologies Inc. and its Chinese ride-hailing rival to operate legally in the country. China on Thursday issued nationwide ride-hailing regulations, making it the largest country to formally legalize the sector at a national level. Uber continues to clash with regulators around the world, and it pulled out of Budapest this month citing

Ride-hailing