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Woman raped, killed by driver in Didi Chuxing's taxi; Chinese company suspends Hitch ride-sharing services

Woman raped, killed by driver in Didi Chuxing's taxi; Chinese company suspends Hitch ride-sharing services

Sun, Aug 26, 2018

A 27-year-old driver named Zhong was detained at about 4 a.m. on Saturday and confessed to raping and killing the passenger, the statement said, adding the victim`s body had been recovered and an investigation was continuing.

China's Didi, SoftBank target Japan in taxi-hailing push

China's Didi, SoftBank target Japan in taxi-hailing push

Fri, Feb 09, 2018

China`s Didi Chuxing and SoftBank Group Corp will roll out a venture in Japan later this year to provide ride-hailing services, amid a global battle to control the technology increasingly central to urban transport.

Uber's Chinese rival Didi Chuxing recruits in Mexico ahead of launch

Uber's Chinese rival Didi Chuxing recruits in Mexico ahead of launch

Thu, Jan 11, 2018

Chinese ride-hailing company Didi Chuxing has advertised online for a range of jobs in Mexico as it prepares to break into the country, one of rival Uber`s regional strongholds.

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Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Battle in China became global, says Uber's CEO Travis Kalanick on exit from country

Sat, Dec 17, 2016

Months after selling its stake in China, Uber CEO Travis Kalanick on Friday said it sold its stake to rival Didi since the "battle in China became global", prompting the US-based company to focus on other areas such as Ubereats, driverless cars and markets like India.

Japan's Honda ties up with ride-hailing service Grab

Japan's Honda ties up with ride-hailing service Grab

Mon, Dec 12, 2016

Southeast Asian ride-hailing service Grab disclosed on Monday that Japan`s Honda Motor Company had invested in the firm, as part of a $750 million funding announced previously, to collaborate on motorbike-hailing services.

Apple eyes deal with carmaker McLaren: FT

Wed, Sep 21, 2016

US tech giant Apple is in talks with British supercar maker McLaren about a possible acquisition, the Financial Times reported on Wednesday.

Taiwan's Foxconn invests $120 million in Chinese ride-hailing start-up Didi Chuxing

Thu, Sep 08, 2016

Taiwan's Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world`s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion.

M&M-Ola tie-up set to shape future vehicle design; eyes Rs 2,600 crore revenue in next 2 years

M&M-Ola tie-up set to shape future vehicle design; eyes Rs 2,600 crore revenue in next 2 years

Thu, Sep 08, 2016

Indian automaker Mahindra & Mahindra's (M&M) tie-up with domestic ride-sharing giant Ola will not only drive car sales, but also influence and shape the design of its vehicles in the future, Chairman Anand Mahindra said on Thursday.

China's government flexes muscles with Uber, DreamWorks probes

China's government flexes muscles with Uber, DreamWorks probes

Sat, Sep 03, 2016

The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China.

Uber to hire over 150 people in next few months at Hyderabad facility

Uber to hire over 150 people in next few months at Hyderabad facility

Sun, Aug 07, 2016

Online taxi aggregator Uber will hire over 150 people over the next few months to ramp up its customer support operations in India as part of its efforts to enhance driver and rider experience on its platform.

Ride-share battle ends with Didi buying Uber China operations

Ride-share battle ends with Didi buying Uber China operations

Mon, Aug 01, 2016

Since Uber launched its China operations little more than two years ago both companies have spent billions of dollars on subsidies for drivers and passengers in China, as well as trading vitriolic accusations, as they fought for dominance in the potentially lucrative market.

Uber to combine China business with Didi Chuxing in $35 billion merger?

Uber to combine China business with Didi Chuxing in $35 billion merger?

Mon, Aug 01, 2016

Investors in Uber China, which is owned by San Francisco-based Uber, Baidu Inc and others, would receive a 20 percent stake in the combined company, Bloomberg said, citing sources.

Rivals Uber, Didi backing by same investors raise eyebrows

Rivals Uber, Didi backing by same investors raise eyebrows

Fri, Jun 17, 2016

"It's very unusual to allow the same parties to invest and get information rights of sworn mortal enemies," said Max Wolff, chief economist at Manhattan Venture Partners.

Did Apple just buy stake in Ola?

Did Apple just buy stake in Ola?

Sat, May 14, 2016

This means that with its $1 billion investment in Didi, Apple has indirectly entered the Indian app-based taxi hailing market and now owns a part of Ola.

Apple bets on 'unicorn' Didi to take on Uber in China

Apple bets on 'unicorn' Didi to take on Uber in China

Fri, May 13, 2016

Apple Inc has invested $1 billion in a Chinese app-based taxi-hailing company called Didi Chuxing, formally called Didi Kuaidi. The company said that it has 87% marketshare in China and completes more than 11 million rides a day. It is Uber's largest rival in China.

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