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Didi Express to Intro Time-based Pricing Model, Increase Base Fare in Beijing

CNR, 4/08/17

Xiaoju Kuaizhi Inc ("Didi Chuxing"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, recently announced that its low-end car hire service Didi Express will introduce a time-based pricing model and new fare standards in Beijing starting April 10, including pricing incentives during non-peak travel periods. Read More

Rumor: Today's Headlines Lands USD 1 Bln Series D

DoNews, 4/07/17

Beijing-based Bytedance Technology, operator of online and mobile news portal platform Today's Headlines, has reportedly completed USD 1 bln in Series D funding from investors including Sequoia Capital and an investment firm managed by China Construction Bank (0939.HK; 601939.SH), according to sources familiar with the matter. Read More

Rumor: Didi Chuxing Acquires Payment Processing License

Paynews.net, 3/13/17

Xiaoju Kuaizhi Inc ("Didi Chuxing"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, has reportedly fully acquired Beijing-based 19Pay Technology and obtained its payment processing license, according to a source with knowledge of the matter speaking with Chinese news site Paynews.net. Read More

Didi Chuxing Invests USD 8-digit Sum in Bicycle Sharing App 'ofo'

Sina Tech, 9/26/16

Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, has made a USD 8-digit strategic investment in Beijing-based Bikelock Technology, operator of bicycle sharing platform "ofo" (the name of the platform, ofo, looks like a person riding a bicycle). Read More

Didi Kuaidi Adjusts Fees Collected from Drivers

Lieyunwang.com, 8/18/16

Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, recently announced that it will eliminate the flat 20%-per-order commission that it previously collected from drivers and will instead collect RMB 0.50 on every order plus a 1.77% management fee, with the remaining taxi fees and other charges retained by the vehicle owner. Read More

Didi Kuaidi to Acquire Uber's China Unit

Didi Kuaidi, 8/01/16

Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing and Kuaidi Dache, today announced a strategic agreement with US ridesharing firm Uber under which Didi Kuaidi will acquire all assets of Uber's China business, including its brand, business operations and data, for operation within mainland China. Read More

Didi Kuaidi Obtains Online Vehicle Reservation Service Licence in Shanghai

Tencent Tech, 10/08/15

Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing (formerly Didi Dache) and Kuaidi Dache, received an official license to operate an online vehicle reservation platform from the Shanghai Transportation Commission on October 8. Read More

Didi Kuaidi Invests in Indian Car Hire App Ola

National Business Daily, 9/28/15

Xiaoju Kuaizhi Inc ("Didi Kuaidi"), operator of Chinese mobile taxi booking and car hire apps Didi Chuxing (formerly Didi Dache) and Kuaidi Dache, has announced that it invested an undisclosed amount in Indian car hire app Ola's latest round of funding along with GIC, Falcon Edge, Tiger Global, and SoftBank China Venture Capital. Read More

Rumor: China to Issue Online Car Hire Service Regulations

DoNews, 9/10/15

China's Ministry of Transport and other relevant state agencies may release new rules, the "Temporary Management Methods for Online Vehicle Reservation Operators," governing the mobile car hire industry as early as next week, according to an industry source. Read More

Rumor: Xiaoju Kuaizhi to Invest in Southeast Asian Taxi App 'GrabTaxi'

36Kr.com, 6/29/15

An unnamed source from the investment community has revealed that Xiaoju Kuaizhi, operator of Chinese mobile taxi booking apps Didi Dache and Kuaidi Dache, is in talks to invest in GrabTaxi Holdings, operator of Southeast Asian taxi app GrabTaxi. Read More