car-sharing Archives

Didi’s Car-Sharing Arm Reportedly Goes Bankrupt

On the evening of July 25, a screenshot related to Didi's ongoing bankruptcy audit was leaked by an accounting firm employee. On Chinese social media platform Weibo, a user suspected of being a Didi employee confirmed that the firm's car-sharing business is going into liquidation.

CAR Inc. Sets For Privatization And Will Delist on July 8

MBK Partners has completed the compulsory acquisition of CAR Inc., which is now a wholly-owned subsidiary of MBK.

Didi Expands Into Costa Rica

On Tuesday, Chinese ride-hailing giant Didi Chuxing launched their service in the Central American nation of Costa Rica.

China’s Sharing Economy Matured When It Seemed to Be Wilting

Sharing creates affordable infrastructure for start-ups through co-working spaces and for food and beverage businesses by allowing them to share a massive fleet of delivery guys instead of owning one.

Another Murder on DiDi Terrorizes China: 20-Year-Old Woman Raped and Murdered by DiDi Driver

Around 13:00 on August 24, a 20-year-old woman was reported missing after hitching a ride using DiDi to go from Yueqing City to Yongjia County in Wenzhou.

DiDi Launches Comprehensive Bike-Sharing Platform

Didi Chuxing today officially launched its comprehensive bike-sharing platform within its app, which now integrates the services of bluegogo and ofo. Beijing and Shenzhen will be the first two cities where users can find the “Bike-Sharing” tab on the DiDi app and use bluegogo’s bike through the app with no deposit required.

DiDi to Launch Comprehensive Bike-sharing Platform; Cooperates with bluegogo

Didi Chuxing announced today that it will soon launch a comprehensive bike-sharing platform within its APP, which will integrate ofo, bluegogo, and other potential bike-sharing partners, as well as DiDi’s upcoming own-branded bike-sharing service. DiDi will also introduce deposit-free arrangements to support a better user experience.

7.43B Didi Bookings in 2017, Same as Everyone in China Riding 5X

Didi released its 2017 data on the afternoon of January 8. In 2017, Didi provided more than 7.43 billion trips to 450 million users in more than 400 Chinese cities, excluding trips for bikes and driver services. That is roughly equal to everyone in China using Didi five times in the past year.

Didi Purchases 99, Brazil’s Largest Car Sharing Company

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

Mobike Begins Car Sharing Business in Guizhou

Mobike held the opening ceremony for its car sharing business in Guian District, Guizhou province on December 29.

Car-sharing Platform TOGO Raised $22 Million in B Round

Car-sharing Platform TOGO Received USD 22 Million in B Round Financing with SIG as Keading Investor and Zhen Fund as Following Investor

Car-Sharing company EZZY Announces Dissolution, Begins Liquidation

EZZY, a car-sharing company, announced its shareholders moved to dissolve the company on October 25. It is forming a liquidation group to handle the final sale of its assets.

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 […]

Shared commute again was under the spotlight in China

In early August, a batch of brand new BMW 1-series sedans showed on the streets of Shenyang. These luxury vehicles, equipped with Wifi connection, facial recognition, smart voice assistant, are shared cars which cost users only 1.5RMB per kilometer. Though it turned out that BMW Brilliance Automobile or BMW China were not behind this, luxury […]

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