BEIJING (Reuters) – China’s Didi Chuxing has launched a suite of financial products, including crowdfunding and lending, as it continues to diversify outside the ride-hailing business following a year of safety scandals. The move comes Read more…
SHANGHAI (Reuters) – Chinese ride-hailing firm Didi Chuxing on Wednesday announced a reorganisation plan aimed at improving safety on its platform, as it works to address public and government concerns raised after the murders of Read more…
HONG KONG (Reuters) – China will conduct comprehensive inspections on all ride-hailing service companies, the transport ministry said on Friday, after a driver from dominant firm Didi Chuxing murdered a 20-year-old passenger in August. The Read more…
TOKYO (Reuters) – SoftBank Group chief executive Masayoshi Son blasted Japan on Thursday for not allowing ride-sharing services, calling it “stupid” and saying the country was lagging overseas rivals in areas such as artificial intelligence (AI). “Ride-sharing Read more…
DUBAI/FRANKFURT (Reuters) – Didi Chuxing, China’s largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi‘s latest international expansion against rival Uber. Didi is seeking Read more…
HONG KONG/FRANKFURT (Reuters) – Chinese ride-hailing company Didi Chuxing is investing an undisclosed amount in Estonian online taxi firm Taxify to help it expand in Europe and Africa, where it has gained share in some Read more…
SINGAPORE (Reuters) – Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies and expanding into financial services, in the latest injection of funds into Southeast Asia’s burgeoning tech Read more…
REUTERS – Grab, Uber Technologies’ biggest rival in Southeast Asia, is raising as much as $2 billion in funding from Japan’s SoftBank Group and China’s top ride-hailing firm Didi Chuxing, the Wall Street Journal reported Read more…
Didi is now the only credible ride-hailing platform left in the Chinese market, but its problems are far from over because local Chinese governments are finally enforcing regulations designed to protect the taxi industry. In Read more…
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