CNBC released their list of 2019 Disruptor 50 companies, containing the most influential and innovative companies in various industries, from biotech and machine learning to transportation, retail and agriculture. Two Chinese firms, the ride-hailing giant Didi-Chuxing and Xiaohongshu, ranked among the top ten.
Following the release of a Reuters article on Sequoia Capital China’s 20 percent cut of investment staff, Sequoia China has dismissed the report firmly, claiming that the published article is “nonsense” and a malicious attempt for defamation.
Chinese Internet giant Baidu topped industry peers by a landslide in autonomous driving technology by having the most number of test license plates and vehicles, and the longest overall distance driven.
After several tragedies of passenger rape and murder while using Didi, a Chinese ride-hailing company, people have once again raised concerns about safety.
Following the layoff trends from the end of last year, insiders say that the ride-hailing giant Didi-Chuxing is considering massive layoffs in departments such as product technologies and ride-hailing. The layoff is expected to exceed 25 percent.
Didi Chuxing (Didi), the world’s leading mobile transportation platform, officially launched its second research facility in North America located in Toronto, Canada on Nov. 20. The company’s first research facility was launched in March 2017 in Mountain View, California.
Glenn D.Fogel, CEO of Booking Holdings, a leader in online accommodations and travel e-commerce, came to China on Nov. 7 for the fifth World Internet Conference, also known as the Wuzhen Summit.
Didi Chuxing (Didi), China’s largest ride-hailing platform, announced today that it opened its official Australia & New Zealand (ANZ) headquarters in Melbourne, the state capital of Victoria, Australia.
A Shanghai passenger riding in a premium ride service of Didi, China’s ride-hailing giant, drank from a water bottle mixed with the driver’s urine on Oct. 9, according to Guangdong Radio Television (GRT).
On Sept. 27, 2018, DiDi Mobility Japan (DiDi Japan), a joint venture established by Didi Chuxing and Softbank Corp., kicks off its operation in Japan as its taxi-hailing app goes live in Osaka.
According to Beijing Innovation Center for Mobility Intelligent, the Beijing Municipal Government issued license plates to seven companies on September 22 for street testings of autonomous vehicles.
Following the recent rape-and-murder case, Didi, the ride-hailing giant in China, announced the launch of a safety rectification plan on September 4, suspending all late-night ride-hailing services across the platform for a whole week.
Following the recent rape and murder case, the founder and CEO of DiDi, Cheng Wei, and president, Jean Liu, issued a formal apology on August 28, detailing the intention to upgrade and build a more secure safety mechanism for the ride-hailing app.
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.
Bike-sharing giant ofo has finally agreed to be bought out by Didi-Chuxing according to Chinese media. The deal is said to be worth $2 billion and that all other co-founders, except for CEO Dai Wei, will be leaving the company, according to the report.