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Didi Chuxing
DIDI CHUXING NEWS
Krispy Kreme and Didi Chuxing part of blockbuster week for public listings
July 02, 2021 1:41 pm
The debuts are the latest example of companies racing to the public market to take advantage of sky-high valuations as investor exuberance pushes the stock market to new heights.
China's Didi touts tech spending ahead of Wall Street debut
June 30, 2021 2:37 pm
Didi Global Inc planned to raise up to $4 billion by selling 288 million shares on the New York Stock Exchange at $13-$14 each. It said 30% will be spent on technology development, another 30% to expand outside China and 20% on new products.
China's Didi Chuxing recruits Colombian drivers ahead of Bogota launch
April 23, 2019 2:11 pm
Didi Chuxing is planning to take on US rival Uber Technologies Inc in some of Latin America's fastest-growing markets and has moved senior executives from China to lead its expansion in such places as Chile and Peru.
China ride-hailing giant Didi plans Chile, Peru launches to take on Uber
February 17, 2019 5:37 pm
According to job postings and a company official, Chinese ride-hailing giant Didi Chuxing is planning to take on US rival Uber in some of Latin America's fastest-growing markets.
China's Didi suspends Hitch ride-sharing service after female passenger killed
August 26, 2018 2:03 pm
Didi Chuxing, the biggest ride-sharing firm globally by number of trips, said it was sorry that the carpooling service would be suspended from Aug 27 due to "disappointing mistakes" while the company reevaluated the product's business model.
Uber rival Didi makes Mexico launch official, recruits drivers
April 06, 2018 1:21 pm
In 2016, Uber sold its China business to Didi after losing billions trying to compete with the Chinese firm on its home turf.
Dear Uber, that record funding means Didi is coming for you
April 30, 2017 7:59 pm
Chinese ride hailing giant Didi Chuxing just raised more than $5.5 billion, giving Uber CEO Travis Kalanick one more thing to worry about.
China's Didi raises over $5.5 billion in record tech funding
April 28, 2017 6:06 pm
Ride-hailing giant Didi Chuxing raised more than $5.5 billion from investors, scoring the largest round of funding ever for a technology company.
Why Apple invested $1 billion in Chinese ride-hailing service Didi Chuxing
May 15, 2016 12:35 pm
Apple might need the help; it faces slowing iPhone sales and tougher restrictions on its services in the country.
How a Chinese cab service uses AI to purge the surge
May 01, 2016 6:27 pm
In China, cab aggregator Didi Chuxing is betting big on Artificial Intelligence and Big Data to make their algorithms predict demand and adjust the number of drivers in a locality for maximum efficiency.
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