Search results for “ride-hailing”
Didi invests in Taxify, an Uber rival in Europe and Africa
Didi Chuxing has expanded its global empire by making an investment in Taxify, an Uber-like service that operates in Europe and Africa as it prepares to launch in London later this year.
Uber rival Grab raising $2 billion from SoftBank, Didi Chuxing
Grab, Uber Technologies Inc's biggest rival in Southeast Asia, is raising as much as $2 billion in funding from Japan's SoftBank Group and China's top ride-hailing firm Didi Chuxing.
Tencent launches WeChat Pay for Chinese tourists in Europe, taking on Alipay
Chinese internet giant Tencent launched its WeChat Pay payments service in Europe to service outbound Chinese travelers, challenging rival Alipay, subsidiary of Alibaba's affiliate Ant Financial.
New investor of Yidao Yongche displaces LeEco as majority shareholder
Chinese ride-hailing firm Yidao Yongche announced that it has brought in a new investor which will replace LeEco as controlling stakeholder of Yidao.
Tencent-backed Meituan takes on Alibaba and Ctrip in travel
Tencent-backed Meituan takes on Alibaba and Baidu-backed Ctrip in China's travel sector after the country saw cut-throat competition in ride-hailing, bike rentals and food delivery.
Car-hailing giant Didi raises $5.5 billion, valued at $50 billion
Chinese ride-hailing giant Didi Chuxing, the company that bought Uber's China unit last year, has closed a USD 5.5 billion funding round, valuing it at more than USD 50 billion, reported CNBC.
Tencent's WeChat payment vying for travel and retail in Europe
WeChat launched a new bid in Europe and US to develop its payments offering and win new advertisers. The Chinese social media and messaging giant will in time expand to travel and broader retail services.
Baidu fires head of group-deal unit over ethics violations
Baidu Inc. has fired Liang Zeng, head of its Nuomi group-buying division, citing violations of the search company’s ethics.
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