Didi

Will Uber, Grab and Didi ever make money?

(Aug 21): For several weeks now, the focus of attention in the so-called sharing economy has been the internal turmoil at ride-hailing giant Uber, the largest startup in the world. From allegations of sexual harassment at the company and fracases with drivers to founder and CEO Travis Kalanick’s abrupt resignation and his subsequent attempts to reassert control, from original venture capital (VC) investor Benchmark Capital filing a lawsuit to a court battle with Google on using stolen self-driving car trade secrets, Uber clearly has had more than its fair share of distractions lately. 

Uber aims to unseat Ola in US$10 bil India ride-hailing market

Amit Jain

BANGALORE (Oct 10): Uber Technologies Inc unveiled its first-ever brand campaign in India last month with a video showing a tense Uber driver navigating gridlocked streets as he rushes to drop off a little girl to her school on exam day. In a Bollywood-style twist at the end, the girl turns back at the school gate and calls out to him, “Have a nice day, Papa.”

Your Uber and Grab taxi rides are about to be disrupted

SINGAPORE (Sept 5): Uber, the global giant of ride hailing, which at the last round of its fundraising was valued at US$68 billion ($92.7 billion), lost US$1.2 billion in the first half of this year compared with a US$987.2 million loss in the same period last year.

The biggest expense for Uber is not R&D for its proprietary software or algorithms or, indeed, marketing and customer acquisition, but driver subsidies.

Uber China rival Didi said to consider US IPO in 2017

Didi, Xiaoju Kuaizhi Inc

HONG KONG (May 16): Apple Inc may not need to wait that long before it reaps the benefits of investing US$1 billion in Chinese car-hailing service Didi Chuxing.

Didi is targeting an initial public offering in New York next year, according to people familiar with the matter. The timing will depend on how its battle with Uber Technologies Inc in China plays out, said the people, who requested not to be named because the matter is private. Such a move may put the Chinese app ahead of its US rival in going public, with Uber having said it wants to hold off as long as possible.

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Apple invests US$1 bil in Uber’s China competitor Didi

Didi, Xiaoju Kuaizhi Inc

HONG Kong (May 13): Apple Inc invested US$1 billion ($1.38 billion) in Didi, the single largest investment the Chinese ride-hailing service has ever received as it battles Uber Technologies Inc.

Apple will help Didi build its data-driven ride-sharing platform, as the company now completes more than 11 million rides a day and serves about 300 million users, Didi said in a statement on Friday. It joins other investors including Alibaba Group Holding Ltd and Tencent Holdings Ltd.

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