Search results for “ride-hailing”
Uber's biggest rival in India gets $1.1 billion from Tencent, SoftBank
Ola, Uber's fiercest rival in India, has raised $1.1 billion from investors including Chinese internet giant Tencent and Japan's SoftBank.
China's ride-hailing app market revs up
Analysys International reports Didi Kuaidi still dominates China's private-car hailing market with 83.2% in Q3 leaving Uber a distant second with 16.2%.
Mobike, Ofo in talks to merge China's biggest bike-sharing startups
Mobike and Ofo are in early talks to push China’s two largest bike-sharing startups into a merger, aimed at ending a costly competitive battle and creating a single dominant player in the business.
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.
Didi and SoftBank may back Uber's $12 billion funding round
Uber is said to be in exclusive talks to line up a $12 billion round from four investors including Japan's SoftBank and China's Didi Chuxing.
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.
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.
Bike-sharing firm Ofo raises $700 million in E round, backed by Alibaba
China's bike-sharing platform Ofo announced that it has received more than USD 700 million in its series E round funding. The round had Alibaba, Hony Capital and CITIC as the lead investors and also involved Didi Chuxing and DST.
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