Didi Chuxing
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Tech companies are still going public in Asia, but not enough to halt the global IPO slowdown
Asia-based companies accounted for nine out of the top 10 IPOs in the first quarter of 2022, which raises the question: Is Asia a haven for public exits amid the current global slowdown?
Didi Chixung, the Chinese ride-hailing giant, has today shut down its operations in South Africa (SA), a year after it launched in the country, marking its entry into the continent.…
Didi expands, inDriver monetizes to rival Uber, Bolt in Africa
The on-demand transport space in Africa has evolved since San Francisco-based ride-hailing firm Uber first set up operations in South Africa in 2013, setting the stage for its foray across…
After years of speculation, Didi Chuxing, China’s ridesharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of…
DiDi Chuxing expands to South Africa, to take on Bolt and Uber
Chinese ride-hailing company DiDi Chuxing has started operations in South Africa today, according to Reuters. Founded in 2012, the Beijing based company operates in more than 400 cities in China.…
Silver Lake to buy additional $600 million stake in India’s Reliance Jio Platforms
Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. The U.S. private equity firm said Friday it is buying an additional stake worth $600 million in the…
Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it.…
Facebook commits $20M to UNF, WHO and CDC to tackle COVID-19
Facebook said on Friday that it is committing to match $20 million in donations, a fraction of its quarterly profit, to support global relief efforts for COVID-19 coronavirus. Mark Zuckerberg,…
Latin America Roundup: Loft raises $175M, SoftBank invests in Mexico’s Alphacredit and Rappi pulls back
Brazil’s famously tricky real estate market has long drawn international investors to the region in search of tech solutions.
China Roundup: Ant Financial’s new boss and Tencent’s army of new apps
Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world.…
Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets
Neuron Mobility, a Singapore-based startup, has closed an $18.5 million financing round as it looks to scale its e-scooter startup in international markets — a month after the nation introduced…
China’s Didi to relaunch Hitch carpooling service this month
Chinese ride-hailing firm Didi Chuxing said today it will conduct a trial relaunch of its Hitch carpooling service in seven major Chinese cities with additional safety features by end of…
SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation
And the next car-sharing unicorn is…
Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021
Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to…
Didi Chuxing’s autonomous driving unit is now an independent company
Didi Chuxing’s autonomous driving unit is now an independent company, the Chinese ridesharing and transportation giant said today. Didi’s autonomous driving team was created in 2016 and now has more…
Didi Chuxing and oil giant BP team up to build electric vehicle charging infrastructure in China
Ridesharing and transportation platform Didi Chuxing announced today that it has formed a joint venture with BP, the British gas, oil and energy company, to build electric-vehicle charging infrastructure in…
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you…
Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services
Didi Chuxing announced today that it has received from Toyota Motor Corporation new investment totaling $600 million. As part of the deal, the two companies will also set up a…
A second Vision Fund is in the works.
Hellobike, survivor of China’s bike-sharing craze, goes electric
Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted, with derelict bikes littering the streets of cities. Meanwhile, a new…
2018 was the year Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after two deadly passenger incidents. One way it…
It’s not easy to raise growth-stage capital in Latin America, but it’s getting easier. As startups begin to flourish in the region’s largest markets, available funding is evolving to suit…
Alibaba’s Ant Financial and Hellobike team up on $145M e-bike battery JV
Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to pedal that last…
China’s Didi kicks off expansion in Latin America with moves into Chile and Colombia
The wheels are turning on Didi Chuxing’s first major expansion in Latin America after the Chinese ride-hailing firm announced moves into Chile and Colombia to double its presence in the…
Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competitors in the same space. Conflicts…
Trump’s Huawei ban ‘wins’ one trade battle, but the US may lose the networking war
While U.S. government officials celebrate what they must consider to be a win in their battle against the low-cost, high-performance networking vendor Huawei and other Chinese hardware manufacturers, the country…
There’re a lot of synergies between electric vehicles and ride-hailing. Drivers are able to save more steering an EV compared to a gas vehicle. Environmentally conscious consumers will choose to…
Sony launches a taxi-hailing app to rival Uber in Tokyo
Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which…
Featured Article
Uber has already made billions from its exits in China, Russia and Southeast Asia
Uber’s exits from China, Russia and Southeast Asia were billed as failures, but the ridesharing giant has already made billions on paper from those moves, according to its IPO filing. Uber released its much-anticipated S-1 on Thursday and reporters and analysts are frantically digging into a treasure trove of previously unreleased details. A number of…
Didi steps up financial drive as it courts car leasing companies
Didi Chuxing is making a further push into the financial arena as it looks to diversify its business amid huge losses. We reported in January that the company, which controls…
