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Uber Confirms $1.2 Billion in Funding, As Didi Reportedly Closing $3 Billion
Uber has confirmed a $1.2 billion USD funding boost from previous backer Chinese search engine giant Baidu. It comes as Didi Kuaidi, their primary competitor in the market, is reportedly about to...
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India’s Ola Pulls In $500 Million As Asia’s Ride-Hailing Spending Spree...
Ola Cabs, the Indian ride-sharing app that shares a major investor with Alibaba, has sealed $225 million USD of a planned $500 million investment round in what has been the most generous season on...
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Lyft Gets A $100M Stamp of Approval From China’s Largest Ride-Hailing Startup
Lyft, the San Francisco-based ride-hailing company with a pink mustache, has announced a partnership with China’s largest player in the industry, Didi Kuaidi. It comes at a time when Didi’s presence in...
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VP Of Didi Strategy Stephen Zhu: Chinese Cities Are A Bigger Challenge Than...
As Didi and Uber go head to head to conquer the Chinese market, Stephen Zhu, VP of Strategy and Head of Taxi Services at Didi has said it’s a much harder task to master China’s cities than comparable...
View ArticleVP Of Didi Strategy Stephen Zhu At TechCrunch Beijing 2015 [Full Video]
This past week we had the pleasure of welcoming Stephen Zhu, the VP of Strategy and Head of Taxi Services at Didi to join us onstage at TechCrunch Beijing, cohosted by Technode. The article...
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China’s Ride-Hailing Giant Didi To Roll Out ‘UberEATS’-Style Program With Ele.me
One of the most highly anticipated partnerships between Chinese O2O services could see a full rollout before the year’s end, with Didi Dache and Ele.me reportedly settling on partnership plans this...
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Didi, Uber Competitor eDaijia Cuts 20% Of Staff As O2O War Takes Its Toll
Chinese designated driver app eDaijia is cutting one fifth of their staff in an attempt to stay competitive, as market giants Didi and Uber expand aggressively. According to multiple Chinese media...
View ArticleUber Banned From China’s Most Popular Social Platform Over ‘Violations’
Uber is learning a tough lesson about what happens when you go head-to-head with China’s tech giants on their own turf. Tencent, the tech company that oversees the China’s most popular chat app WeChat,...
View ArticleYahoo Co-Founder Jerry Yang Joins Didi Chuxing’s Board
Didi Chuxing, the $16 billion USD ride-hailing service dominating China, has appointed Yahoo Inc co-founder Jerry Yang to its board, strengthening a network of existing investment relationships between...
View ArticleUber Is Targeting China’s White Collar Workers With Charity Campaigns
Uber is packing this year with charity campaigns aimed at winning over China’s white collar workers. “In our more established cities, we plan on doing charity campaigns pretty much every month,” says...
View ArticleThree Big Opportunities For China Entrepreneurs According To Premier Li Keqiang
The National People’s Congress (NPC), China’s unicameral parliament, convened last Saturday to kick off its annual meeting which runs until March 16th. It’s a lot of pomp and circumstance, with the NPC...
View ArticleUber Launches New Project, To ‘Win’ China By Cutting Costs In A Spending War
Uber’s largest global city by volume may seem surprisingly obscure. Chengdu, a central Chinese metropolis straddling the border between first and second-tier status, has the most active Uber population...
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Here’s Six Billion Reasons Why China’s Tech Funding Isn’t Slowing Down
While some onlookers believe a capital winter could be just the medicine China’s young tech community needs, established startups are seeking more capital than ever. From real estate to fintech and...
View ArticleUber Deals Blow To Didi’s Global Alliance, Extends Alipay Partnership Worldwide
Uber has announced a global expansion of their partnership with Alipay, the dominant Chinese online payment service, allowing mainland users to use their native payments internationally. Previously...
View ArticleApple Invests $1 Billion In Didi Chuxing Strategic Partnership
Didi Chuxing, China’s biggest ride-hailing app and Uber’s top global competitor, has confirmed today a $1 billion USD investment from Apple. The funding is part of a larger $2 billion USD investment...
View ArticleAnalyse Asia Podcast: Why Did Apple Invest In Didi?
http://media.blubrry.com/analyseasia/content.blubrry.com/analyseasia/Episode_117__Why_Apple_Invest_in_Didi_with_Josh_Horwitz.mp3 Josh Horwitz from Quartz joins us in a discussion on Apple’s recent...
View ArticleDidi And Uber Can’t Agree On Who Owns What In China’s Fierce Ride-Hailing Market
Digging up the correct figures on China’s ride-hailing market can be a challenge for onlookers, though it’s apparently also a struggle for the companies themselves. According to Liu Zhen, the Senior...
View ArticleBaidu Leads $300 Million Investment In Auto Website Bitauto
Baidu has led a $300 million USD investment in one of China’s biggest auto trading and marketing platforms, BitAuto, revealed the search giant on Monday. It’s the latest company to join Baidu’s growing...
View ArticleDidi Chuxing Lands $600M From China Life – An Uber Investor
Chinese insurance giant China Life Investment Holding Co. has officially joined the ranks of investors behind the country’s largest ride-hailing app and Uber’s biggest global competitor, Didi Chuxing....
View ArticleDidi Chuxing Announces $7.3B Round, Here’s Who Invested In Them
Following a series of high-profile investments, Didi Chuxing, the company behind China’s top ride-hailing app, has announced the closure of their $7.3 billion USD round. Earlier this week Didi...
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