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Rumor: Didi Chuxing's Takeout Delivery Service May Refocus on Overseas Markets
Caijing.com.cn, 9/17/18
Chinese taxi booking and car hire service app Didi Chuxing's plans to expand its food delivery service Didi Foodie to the cities of Jinan and Xi'an in August were suspended in late July. 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
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
Uber to Accept Alipay Payments Globally
Uber, 5/03/16
American ridesharing firm Uber has announced that it will accept payments through Chinese third-party payment platform Alipay in all 400 cities globally in which Uber operates. Read More
China Issues Mobile Car Hire Service Regulations
Ministry of Transport, 10/10/15
China's Ministry of Transportation (MOT) today released regulations for operating online and mobile car hire services which will be implemented beginning November 9 this year. Read More
Uber Tests Two-passenger Carpooling Service in Beijing
Ifanr.com, 8/20/15
Mobile car hire service Uber China recently added a carpooling service, "People's Uber Plus," to its app platform, and is testing the service in several areas in Beijing, including Sanlitun, Guomao, North Third Ring Road, Zhongguancun, and Wudaokou. Read More
Rumor: Uber China to IPO
Tencent Tech, 7/14/15
An industry source recently revealed that based on documents given to a potential Chinese investor, US car hire service Uber's China subsidiary plans to raise USD 1 bln in funding for an IPO. 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
Mobile Ridesharing App Dida Pinche Wins USD 100 Mln Series C
DoNews, 5/06/15
Beijing-based Changxing Information Technology, developer of mobile ridesharing app Dida Pinche, announced today that it has completed Series C funding of USD 100 mln led by China Renaissance Capital Investment with Trust Bridge Partners, automotive website firm Bitauto (NYSE: BITA), and IDG Capital also participating. Read More
Rumor: Baidu Invests in Uber
Sina Tech, 12/11/14
According to an industry source, Chinese internet company Baidu (Nasdaq: BIDU) will announce a new strategic investment on December 17. Read More
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