Ucar, a ride-hailing app launched by Hong Kong-listed China Auto Rental (Car Inc), has led a 2.2 billion yuan (US$324 million) investment into a Tesla-challenger in China, making its foray into automobile manufacturing.
There’s good news for foreigners living in, or visiting, China after Didi Chuxing — the local ride-sharing leader — added support for English language and overseas credit cards to its service for the first time.
“We felt like the People’s Liberation Army, with basic rifles, and we were bombed by airplanes and missiles.”
An eruption of creepy faces on driver profiles has spooked potential passengers
In early August, news broke that Uber would sell its China business to Didi Chuxing, its largest rival on the Mainland. Uber is just the latest in a series of tech companies—including Google, Twitter, and Amazon, among others—that found the...
China isn’t big enough for two ride-sharing companies....
A Cabinet document sets guidelines for registration, fares, employment of drivers and payments.
Research carried out by Peking University’s Statistical Science Centre and Guanghua School of Management found that Chengdu suffers from air pollution 88 percent of the time—even worse than Beijing at 76 percent.
Several institutional investors are pushing Uber to ink a partnership agreement with Didi Chuxing.
Uber’s new vision for China includes two new offerings, UberLIFE and Uber + Travel, which will roll out across China this year.
Recent fund-raising rounds in the ride-sharing market show that China is one of the most expensive markets in the world.
The nation’s biggest ride sharing company succeeds in latest fundraising effort....
It provides an equity investment of $300 million, and a separate “long-term debt investment” of RMB 2 billion ($305 million).
Beijing-based Didi Kuaidi Joint Co. is close to completing its latest funding round to raise more than $1.5 billion.
Ride-booking services have threatened the old-style taxi sector and contributed to cab drivers' protests.
Li Dongpu, CEO and co-founder of car wash startup Wo Ai Xiche, has disappeared
Business leaders from some of the biggest global names in technology gathered in Seattle for a meeting with Xi Jinping.
Didi Kuaidi is taking on Uber for the title of largest ride-hailing company in the world’s largest country--or, Uber appears to be trying to unseat the homegrown favorite.
Fat with almost $6 billion in venture capital, San Francisco-based Uber is doling out bonuses up to three times its fares.
“Banning private cars from using the apps will put passengers at ease,” the ministry said. “But apps for premium car services have an innovative service model and play a positive role in meeting the high-end and differentiated transportation...
If Baidu does put money into Uber, it will be a significant expansion of its international portfolio of products and investments. Baidu has focused on emerging markets, including Southeast Asia, Egypt and Brazil, where it recently acquired e-...
