Chinese electric car company Xpeng said it will acquire ride-hailing giant Didi’s smart electric vehicle (EV) unit in a deal worth as much as $744 million and the two companies will form a strategic partnership...
Uber looks to sell Didi, other non-strategic stakes: CEO
The CEO of Uber Technologies Inc on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Didi Global. Speaking at a virtual fireside...
China’s Didi Chuxing partners with WhatsApp for ride-hailing in Brazil
Brazilian ride-hailing service 99, controlled by China’s Didi Chuxing Technology Co Ltd, has partnered with WhatsApp to accept orders on the chat platform owned by Facebook in a move that would allow users to...
Toyota Motor to invest $600 million in joint venture with China’s Didi
Toyota Motor Corp said on Thursday it will invest $600 million in Chinese ride-hailing giant Didi Chuxing and a new joint venture to expand collaboration with the firm in China. The move accelerates a trend in China...
Toyota may invest $550 million in China ride-hailing firm Didi: Report
Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday. Japan’s top automaker was also looking to...
China’s Didi sets up joint ventures with BAIC unit, Volkswagen
China’s Didi Chuxing has set up joint ventures with a unit of Chinese carmaker BAIC and Germany’s Volkswagen as part of the ride hailing giant’s goal to ultimately develop purpose-built cars for its services. China’s...
Didi to spin off car services unit in up to $1.5 billion deal: sources
Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of...
China ride-sharing firm Didi raises $4 billion for global push
Chinese ride-hailing firm Didi Chuxing Technology Co on Thursday said it has raised $4 billion in funds earmarked for expansion overseas and into areas such as artificial intelligence (AI), as it looks to challenge Uber...
Didi Chuxing of China raises over $5.5 billion, world’s largest funding round
Ride-hailing giant Didi Chuxing raised more than $5.5 billion from investors, scoring the single largest round of funding on record to bankroll an expansion beyond China and into driver-less technology. Didi disclosed...
China’s Didi, partners invest over $100 million in Brazil’s 99 company
Didi Chuxing, China’s largest ride-hailing company, is leading a group investing more than $100 million in Brazilian on-demand taxi and ride-sharing company 99, the companies said on Wednesday. Under the terms of...
Chinese regulators reviewing Uber-Didi merger
Chinese anti-monopoly regulators are reviewing the proposed merger of ride-hailing service Uber Technology Ltd.’s Chinese operations with its biggest local competitor. The Ministry of Commerce will look at whether...
Ola’s non-compete pact with Didi tested in Uber China deal
Bengaluru/New Delhi: The sale of Uber’s China unit to local rival Didi Chuxing may violate the shareholder agreement the Chinese company signed with Ola, India’s largest cab-hailing service, according to official...