Showing 12 of 14 posts with this tag
Almost three years after Didi emerged triumphant in the war for the Chinese market, the two ride-hailing companies have again clashed over emerging markets like Latin America. As Uber and Didi are at different stages in their development, with different strategies, the key question is: what's next in the race for global mobility domination?
China’s top ride-hailing firm Didi plans to raise $60-$80 billion for its initial public offering in Hong Kong in 2021 and is currently in contact with investment banks, including Goldman Sachs and JPMorgan Chase, according to LatePost.
Within the course of the past week, several prominent Chinese companies made fundraising announcements.
A Didi driver broke through a police barrier on June 13, trying to escape examination, injuring four, including one law enforcement officer, according to ThePaper.
After a record-setting 2018 that saw Chinese VCs ladle out cash to startups at mind-boggling valuations, current numbers spooked global investors, some of whom regard the diminished numbers as a sign of an imminent industry debacle.
If Didi Chuxing Technology Co., the Uber of China, succeeds in the initial public offering in 2018, it will bypass Uber to become the world's first publicly lis...
Li Shufu said Geely, Volvo and other car companies are jointly developing an open electric model under the code PMA. "We've learned from Google's Android, and P...
On June 22, Full Truck Alliance, a Chinese digital freight platform, was listed on NYSE with the security code of "YMM". Its issue price is $19 and its opening price is $22.5. Wind Information shows that as of the close of US stocks, Full Truck Alliance reported US $21.76 per share, increasing 14.53% from its issue price, with a total market value of US $23.6 billion.
Two Chinese online life service giants have stepped into the car-hailing business. Ctrip, a leading provider of travel services, launched car rental business to...
News emerged on Thursday that Liu Zhen, who has in charge of Genki Forest's overseas business, had left the company in early March. Genki Forest has confirmed that the news is true.
Leading ride-hailing company Uber Technologies Inc. is seeking to sell part of its $6.3 billion stake in Didi Chuxing, Bloomberg reported.
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 t...