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Search results for “car ride sharing”
Jaguar reveals $25 million Lyft stake
06/14/2017
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10:17:22 AM
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Jaguar Land Rover has invested USD 25 million in Lyft through its InMotionVentures investment arm.
China to become test bed for sharing economy innovation
05/24/2017
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4:03:40 PM
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Homegrown ride-sharing and home-sharing companies emerged in China early this decade, shortly after Uber and Airbnb launched in the U.S. The industry has boomed ever since.
UCAR projects profit in 2017 after posting 7.3-billion-yuan net loss in two years
03/20/2017
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10:16:11 AM
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Car-hailing firm UCAR registered operating revenue of RMB 5.85 billion in 2016, up by 235% YoY, while net loss was RMB 3.6 billion. CEO Mr. Charles Lu was optimistic that UCAR would return a profit this year.
Apple, Tencent may join Softbank's proposed $6 billion investment in Didi
03/28/2017
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9:51:18 AM
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Chinese ride-sharing firm Didi Chuxing is weighing whether to take a USD 6 billion investment backed by SoftBank that could dilute existing backers such as Apple and Tencent, according to Bloomberg.
Car-hailing rules in Beijing, Shanghai call for local drivers
12/22/2016
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1:16:04 PM
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Detailed ride-sharing rules issued by Beijing and Shanghai requiring drivers to have local residency and license plates mean that vast majority of drivers currently in service will be ineligible.
Didi's move spotlights potential activities play
12/19/2016
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12:06:18 PM
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Taxi apps are more than just a way to get a cab on a smartphone – and China’s biggest taxi app Didi has spent the year of 2016 becoming very much like a mobile travel platform.
Uber completes migration to Didi platform on Nov. 27
11/25/2016
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7:44:56 PM
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From November 27, Uber’s driver app in China and all Uber drivers in the country will be migrated to Didi’s platform.
Local car-hailing rules may wipe two-thirds of Didi’s value
10/14/2016
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9:31:19 AM
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Didi’s market value, currently estimated at USD 35 billion, may decline by two-thirds if the draft laws are implemented, an industry investor told Securities Daily.
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