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DIDI CHUXING NEWS
China's Alibaba to apply for dual primary listing in Hong KongThe move comes after the Hong Kong Stock Exchange (HKEX) in January changed its rules to allow "innovative" Chinese companies with weighted...- China investigates Didi over cybersecurity days after its huge IPODidi's debut on Wednesday was the biggest U.S. listing by a Chinese company since Alibaba Group Holding Ltd in 2014.
- Data skimmersIn today's ETtech Top 5: the personal data of around half a billion LinkedIn users is up for sale online, and more.
- Beijing tests millions for Covid-19, PepsiCo suspends ops after workers test positiveMunicipal Health Commission of Beijing, where the new cluster of cases were reported, said that from June 11 to 20, the capital had reporte...
- Uber’s London ban marks global backlash for ride-hailing giantsFor Uber, the loss of its license in London puts one of its biggest markets outside of the U.S at risk. The regulator found unlicensed user...
- OYO commits $300 million investment in the US for growthCompany says it now operates 50-plus properties in 35 cities across 10 states, and will enter New York, Los Angeles and San Francisco next.
- The strange story of Uber’s massive fund raising deal from the Saudi governmentThe $3.5 bn deal is now drawing Uber into a global reckoning over the business world's ties with Saudi.
- Move Over, Uber: This little known media company is now the world’s most valuable startupSix-year-old Bytedance has surpassed Uber Technologies Inc. to become the world’s most valuable startup.
- Uber’s India doom is written after Singapore falls to GrabJust as Singapore's fall was the beginning of the end of Britain's sway in Asia, so will ceding the city make it very hard now for Uber to ...
- SoftBank grabs a ticket to ride, Uber's stranded and is India next?Having already relinquished China to Didi Chuxing, giving up on Southeast Asia would be a precursor for Uber to perhaps losing India and Ja...
- Next-gen tech giants from China gear up to invade IndiaToutiao, Meituan Dianping and Didi Chuxing are aggressively looking to expand in India through investments and partnerships.
- Uber narrows loss to $645 million, boosts revenue in turmoilUber generated $1.75 billion in adjusted net revenue in the second quarter of this year, up 17 percent from the prior quarter. Uber narrowe...
- SoftBank looks for an Uber, Lyft in the cab-hailing spaceMasayoshi Son said that he would be willing to invest in Uber Technologies or rival Lyft.
- China's Didi opens R&D centre in US to attract global talentThe DIDI Labs in Mountain View, California will primarily focus on big-data-based security and intelligent driving technology, and are a la...
- Franklin PE arm exits Dailyhunt, clocking over 3-fold returnThe new round of funding has valued Dailyhunt at about Rs 2,100 crore, a slight premium to its previous round valuation of Rs 1,700-Rs 1,80...
- Charting the good, the bad and the ugly for the year in technologyThe combined market value of tech's Five Fab - Apple, Alphabet, Microsoft, Amazon.com and Facebook - was $2.4 trillion as of December 27.
- Dailyhunt gets Rs 168 crore in fresh capital from Chinese peer BytedanceWhile valuation for the new round could not be ascertained, the deal has been done "at a premium" to its previous round valuation of Rs 1,7...
- China legalises ridesharing apps to ply on roadsThe new regulations govern their operations and define the scope of competition, outlawing the ploy of charging less than the cost of a tri...
- Uber's bid for peace with Didi has global ramifications: GadflyA truce between the two companies makes sense for as it could allow both sides to stop burning cash and start turning a profit.
- Chinese car-hailing app Didi makes inroads into IndiaChina's leading ride-hailing app Didi Chuxing today made inroads into India by becoming part of a group of investors channeling $500 millio...
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