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China cyberspace administration launches security probe into DidiDidi said it plans to conduct a comprehensive examination of cybersecurity risks and will fully cooperate with the relevant government auth...- India to get substantial portion of Uber's $3.5 billion fund raiseUber has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, making it one of the most highly valued venture capital-backed comp...
- Ola investor Didi Kuaidi close to raising $2 billion at $25 billion valuation: ReportDidi Kuaidi is an investor in India's largest taxi aggregator Ola and both of them have a common investor in form of SoftBank.
- With Alipay and Paytm, Uber covers China, India and the worldThe San Francisco-based company, which is locked in a fierce battle for market share in China, can now gain access to Alipay’s user base of...
- Investors not selling stake, will take legal recourse: OlaReports suggested that Ola investors, including founders Bhavish Aggarwal and Ankit Bhati may sell stake to its US-based rival Uber.
- Two senior executives end their ride with OlaPradeep Dodle, head of cabs category management has quit the company while Harsha Kumar, associate vice president of products is serving he...
- 3 fiercest rivalries in tech companies: Ecommerce, ride-hailing, and space raceWhether it's fighting over a rocket launch or who is going to win the online video space, tech cos do a great job of disrupting traditional...
- Those who make magic see the future before anybody else: Uber CEO Travis KalanickKalanick, who is obviously no stranger to the uniquely Indian phrase 'jugaad', or innovating on the fly, said the key to successful entrepr...
- China's top ride-hailing app Didi Kuaidi expands into online car salesThe decision came less than a month after its success in selling cars online in December during an e-commerce marketing campaign.
- Ola to enable customers to share rides with people from their social groupsOla is now offering to match customers with people from their own defined social circles and extend the service to more cities.
- Ola, Didi Kuaidi, Lyft, GrabTaxi enter into a partnership to counter Uber’s reach“This will be a win for the diversity and vitality of the global ridesharing industry,” said Cheng Wei, CEO of Didi Kuaidi.
- Ola completes $500 million fundraise as race with Uber gains tractionOla, which recently also ventured into grocery delivery and electronic payments, is now valued at $5 billion, a top executive of the compan...
- China plans stricter regulation of Uber-like servicesThe Ministry of Transport unveiled proposed regulations which bar private cars from participating in such services, the rules posted on its...
- LinkedIn & China's Didi Kuaidi ink deal for bigger market shareThe agreement was signed yesterday during the 8th US-China Internet Industry Forum in Seattle.
- Ola in talks with investors to raise of Rs 3,000 crore at a valuation above $5 billion“The investors in the round are still being finalised and it is getting oversubscribed, so it may be expanded a bit,” this person said.
- Uber launches carpooling service - first in China, then around the worldUber has launched a new service that allows people who are driving long distances to pick up extra travellers and share the cost of the tri...
- Uber's China rival Didi Kuaidi may join Ola fundraisingDidi's investment in Bangalore-headquartered Ola comes close on the heels of it picking up stakes in San Francisco-based Lyft and Malaysia'...
- Uber’s quest to win over China faces WeChat hurdleWeChat has become an important promotional tool for companies trying to reach affluent Chinese.
- Uber's top Chinese rival Xiaoju Kuaizhi raising $1.5 billionThe funding is coming from new and old investors, with the valuation doubling since the competing Didi and Kuaidi apps combined in February.
- Alibaba-backed taxi app to raise $500 millionThe Hangzhou-based company will issue new shares and receive investment from Alibaba, SoftBank Corp and Tiger Global Management, a source s...
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