China's major ride-hailing company Didi Chuxing is expanding its services to Mexico, Reuters reports. This will be Didi's first international expansion and sources told Reuters that the company is planning to launch in Mexico during the first quarter...
Uber will soon have to compete with China’s Didi Chuxing in Mexico
China's major ride-hailing company Didi Chuxing is expanding its services to Mexico, Reuters reports. This will be Didi's first international expansion and sources told Reuters that the company is planning to launch in Mexico during the first quarter...
Didi's ever-expanding ridesharing empire might be centered in China, but it's still willing to head overseas to advance its goals. The company is opening an AI lab in Mountain View, California for the sake of its self-driving car ambitions. This does...
Uber has parted ways with its Chinese subsidiary, which is going to prove problematic for tourists looking to hail a ride in the Middle Kingdom. As part of the deal that saw Uber China merge with Didi Chuxing, the global Uber app has been disentangle...
The largest ride-hailing service in China just made a big investment in a different kind of transportation program: bicycle sharing. According to a report from TechCrunch, DiDi Chuxing is kicking off a "multi-layered partnership" with Ofo -- an app-b...
Uber has agreed to sell its Uber China arm to arch rival Didi Chuxing in exchange for a 20 percent stake in the merged operation, according to reports from Bloomberg and others. The combined company is reportedly worth $35 billion, giving Uber a $7 b...
Considering how much business Uber does in China, it's kind of hard to imagine that ride-hailing apps aren't exactly legal in the country. Well, they weren't, but they're about to be. Chinese regulators have passed a new law that clears up the legal...
NASA's annual budget for the 2015 fiscal year is $18.5 billion, a figure that you should bear in mind when we talk about the ride-hailing app business. It's because Didi Chuxing, more commonly known as the Uber of China, is now worth $28 billion, or...
Early this morning, Apple announced it's spending $1 billion for a stake in the Chinese Uber-like ride-hailing service Didi Chuxing, purportedly for "strategic reasons." But what is Didi, and why is Apple investing so heavily to get a piece of it?