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Didi Purchases 99, Brazil’s Largest Car Sharing Company

Didi announced it purchased 99, Brazil’s largest ride-sharing company.

Didi Rumored to Purchase Bluegogo, Create Shared Bike Brand

36 Kr reported that Didi will complete the acquisition of Bluegogo in the near future, and that it has already signed the purchase agreement. In addition, Didi, which invested Ofo, is trying to create its own shared bicycle system.

Meituan Arranged Car-Hailing Service and Didi will Try Takeout Delivery Business

Two Chinese online life service giants have stepped into the car-hailing business. Ctrip, a leading provider of travel services, launched car rental business together with Didi, Shouqi Group and AA Car Rent. At the same time, Meituan.com, a Chinese group buying website, launched a taxi service in seven cities.

Didi Raised Another $4B, Valuation Exceeds Uber

Didi’s two rounds of financing in 2017 totaled between US $9.5 billion and $10.5 billion. According to a Renaissance Capital report, there were 37 science and technology IPOs in the US that attracted $9.9 billion in financing in 2017. That would mean Didi’s total capital raised this year is more than the total technology IPOs […]

The Anti-Didi Alliance

On October 20, Dida, a carpooling and shared travel company, announced it expanded the business scope and officially launched the taxi services. In addition to existing carpooling service, users can hail taxis in the latest version of the Dida App. In addition, the Dida is also engaged in the business contact with Mobike.

Cheng Wei Says Didi Has Only Achieved 1% of The Mission

Cheng Wei, the founder, chairman and CEO of Didi, was invited to speak at Tsinghua University yesterday evening. When sharing his experience of starting up business with college students born in 1990s and 2000s, Cheng Wei said, we possibly were at the best time now since the millennium. With technology explosion and industrial revolution, young […]

Didi’s Challenges

Didi Chuxing is the largest unicorn company in China valued at 50 billion USD. Over the past three years, not only did the company’s valuation grow in double digits, its investors also witnessed the highest rate of return ever of over ten thousand folds. However, despite the rapid expansion growth Didi is experiencing, the company […]

Didi made a strategic investment to Renren Car

On September 25th in 2017, China’s leading second-hand car dealer Renren Car announced a new round of financing of $200 million to support its rapid expansion strategy. The strategic investor is the world’s leading travel platform Didi Chuxing. The two sides will also have all-round in-depth cooperation around the auto-industry, jointly build a new trading […]

Didi Chuxing, Taxify to Cooperate in European, African Markets and Intelligent Traffic

Didi Chuxing and Taxify, a mobile travel company active in the European and African markets, announced plans for strategic cooperation in investment, research and development today. Didi said it would support Taxify in expanding its market and developing technological innovations in diverse markets. Markus Villig founded Taxify in Estonia in 2013. In the last four […]

CATL Plans to Establish 10,000 Battery Swapping Stations Across China

CATL aims to build 10,000 stations in China. In the short term, the goal for 2027 is 3,000 stations.

XPeng Motors Successfully Develops In-House AI Chip, Applicable to Robots and Flying Cars

XPeng Motors' "Turing chip", designed for large models, supports up to 30 billion parameters and can be used in robots, AI cars, and flying cars. It was successfully taped out on August 23.

BYD Involved in iPhone 16 Pro Production, Previously Invested Billions in Factory Acquisition

BYD Electronics will reportedly supply the frame for the upcoming Apple iPhone 16 Pro, taking over from the previous supplier, Jabil's Chengdu operation.

The Chinese 3A Game ‘Black Myth: Wukong’ Is Released, Topping the Steam Most Played Games

The Chinese 3A game 'Black Myth: Wukong' has officially launched, and within less than an hour of release, it become the most played game on Steam.

Baichuan AI CEO Talks About the Price War of Large Models

Baichuan AI CEO Wang Xiaochuan believes that the essence of this round of price cuts by major companies is that cloud providers are entering a new battlefield.

Xpeng Motors Releases China’s First Mass-Produced End-to-End LM On-Board

XPeng Motors released the first domestically produced end-to-end large model.

XPeng Motors Announces New Brand MONA, Expected to Outsell Xiaomi SU7

XPeng Motors announced its new brand MONA, which stands for Made Of New AI, positioning itself as a global pioneer in AI-driven smart vehicles.

Baidu CEO Robin Li: The Closed-Source Model Will Continue to Lead in Capabilities

In an internal speech, Baidu CEO Robin Li expressed his views on the industry's hot topics such as the choice between open source and closed source for LMs, and whether AI entrepreneurs should focus on models or applications.

AutoNavi Launches Taxi-Hailing Service in Hong Kong, But Ride-Hailing Business Remains Restricted

Recently, AutoNavi, a digital map and navigation service provider backed by Alibaba, quietly launched taxi services in Hong Kong, including instant car booking and airport transfer services.

XPeng Motors’ 2024 Commencement Letter: Plans to Launch 30 Models Within 3 Years

On February 18, XPeng Motors CEO He Xiaopeng sent a letter to all employees. There will be two new cars in 2024, with plans for around 30 products within three years.

Ride-hailing App Dida Plans Hong Kong IPO Amid Market Challenges

Dida has made four attempts so far to apply for an IPO in Hong Kong and has garnered the support of several renowned investment firms, including NIO Capital and IDG.