ride-hailing platform Archives - Page 5 of 6

Chinese Ride-Hailing Giant Didi Updates Prospectus to Reveal 4 Billion Dollar Financing Plan

Didi updated its prospectus on June 25th, Beijing time. The new document shows that the ride-hailing firm expects to issue 288 million shares, and plans to raise a total of about $4 billion, with a maximum of about $4.6 billion.

Chinese Ride-hailing Platform Shouqi Apologizes for Hangzhou Accident Amid Public Concerns Over Female Safety

A Chinese online car-hailing platform called Shouqi Limousine and Chauffeur apologized for safety issues after a woman in Hangzhou claimed she injured herself by jumping out of a moving car while attempting to escape a dangerous situation.

Didi Chuxing Compensated 280 Million Yuan of Unpaid Ride Fares in 2020, Open Letter Reveals

In an open letter, Sun Shu, CEO of Didi's ride-hailing branch and head of the Drivers Committee, addressed commission rate policies and disclosed information about wage compensations.

China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1

Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.

Ride-hailing Giant Didi Chuxing to Give Drivers Access to Pay Breakdown in Bid to Improve Transparency

Chinese ride-hailing company Didi Chuxing is pushing ahead with its pledge to be more transparent, amid concerns about the platform's pricing mechanisms and accusations of unfair commission rates.

Didi Offers Details of Its Income Structure to End Rumors about Excessive Commission

Didi Chuxing offered details on the income it derives from ride-hailing services on its Wechat official account on Friday.

Didi Said to Consider Separate IPO for Its Community Group-Buying Operation

Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.

Volvo Announces Tie-up with Didi Chuxing to Develop Self-driving Test Fleet, Launches Revamped XC60

Swedish carmaker Volvo Cars announced on Monday that it has signed a deal with China’s largest ride-hailing platform Didi Chuxing to develop autonomous driving cars for a robotaxi fleet.

Didi Chuxing and Huaxiaozhu Fined 1.41M Yuan Amid China’s Tightening Covid Prevention

Ride-hailing platforms Didi Chuxing and its standalone platform Huaxiaozhu were fined a total of about 1.4 million yuan for insufficiently implementing Covid-19 prevention measures and inadequately supervising their drivers’ behavior.

HK IPO in 2021 with Target Valuation of $60B? Didi Chuxing Refutes Claim

Leading Chinese ride-hailing platform Didi Chuxing was said to seek filing for an initial public offering in Hong Kong with a target valuation of $60 billion, Reuters reported, citing people familiar with the matter.

Ride-hailing Company Dida Chuxing Files for IPO in Hong Kong

Chinese ride-hailing and carpooling startup Dida Chuxing on Oct. 8 filed for an initial public offering on the Hong Kong Stock Exchange, sponsored by Haitong International Capital Ltd. and Nomura International (Hong Kong) Ltd.

DiDi Robotaxi Service Begins Operation in Shanghai

Didi began its Robotaxi service with on-board drivers and safety control center in case of emergency in designated areas in Shanghai.

DiDi Completes Over $500 Million Fundraising Round for Its Autonomous Driving Subsidiary

Chinese ride-hailing giant Didi Chuxing has completed the first fundraising round of over $500 million for developing its autonomous driving technologies.

China’s Didi Chuxing Outlines New Three-year Strategy to Strengthen Safety Mechanisms and Expand Overseas Market

China’s ride hailing giant Didi Chuxing released its new three-year strategy on April 16, highlighting overseas expansion, delivery service and innovative development.

Didi Owned Brazilian Transportation Startup 99 Celebrates 1 Billion Trips Completed

99, a Brazilian ride-sharing platform a subsidiary of Didi Chuxing (“DiDi”), today celebrated reaching 1 billion trips completed on its platform.

DiDi Volunteer Fleets Provide Free Transportation for Medical Workers and Communities in Wuhan

A special fleet of DiDi drivers dressed in protective uniforms and driving regularly disinfected vehicles now offers around the clock free transportation to all hospital staff in Wuhan.

DiDi Works with 62 Railway Stations in China to Make Pickups Easier

Didi Chuxing (“DiDi”) on Friday shared the latest progress of its collaboration with railway hubs in China.

Chinese Ride-hailing Company Dida Chuxing Rumored to Raise $300 Million in Pre-IPO Round

Bloomberg reports Chinese ride-hailing company Dida Chuxing is expected to raise up to $300 million in a pre-IPO round.

Didi Premiers Variety Show About Drivers to Rebuild Brand Image

Chinese ride-sharing giant Didi Chuxing (Didi) launched a variety show to tell Didi drivers’ stories and rebuild the company’s image mired by recent criticism.

Didi Expands Into Costa Rica

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

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