ride-hailing
Grab Scores Major Investment Deal With Honda
Phenny Lynn Palec | | Dec 12, 2016 10:00 PM EST |
Japanese auto giant Honda recently announced that it is investing in Grab, the ride-sharing service widely held as Southeast Asia’s answer to Uber. Financial details of the deal were not disclosed. However, many industry analysts said that it is part of Honda’s strategy to broaden its market into the growing ride-sharing industry.
Didi Chuxing Faces Anti-Trust Probe Following Uber China Acquisition
Phenny Lynn Palec | | Sep 05, 2016 10:49 AM EDT |
Didi Chuxing is currently being investigated by Chinese regulatory authorities following the company's acquisition of Uber China. The investigators are seeking to uncover whether Didi violated Chinese anti-trust regulations.
Didi Chuxing Taps Local Taxi Operators as Partners
Phenny Lynn Palec | | Sep 01, 2016 02:22 PM EDT |
Chinese ride hailing giant Didi Chuxing recently announced that it is tapping local taxi companies to further broaden its market in the local transportation sector. Didi Chuxing announced that it is planning to strike a deal with at least 50 taxi companies across 10 Chinese cities to improve their services and efficiency.
Lyft Eyes Buyout Option Following Didi Chuxing-Uber China Deal
Phenny Lynn Palec | | Aug 21, 2016 07:04 PM EDT |
Following the highly publicized acquisition of Uber by Didi Chuxing, one market player has found itself in a dilemma. Lyft is currently in a crossroad since the company has strongly allied itself with Didi Chuxing in the past, but the latter decided to acquire Lyft’s biggest competitor, Uber.
Uber China, Didi Chuxing Join Forces
Phenny Lynn Palec | | Aug 02, 2016 09:26 AM EDT |
Two of the biggest players in the Chinese ride-hailing industry are set to merge forces. Uber Technologies recently announced that it is selling its China business to competitor Didi Chuxing, which happens to be the biggest ride-hailing service in the country. The deal will put an end to the ongoing battle for dominance between the two giants.
RideAustin Launches Following Uber and Lyft Exit
Phenny Lynn Palec | | May 24, 2016 04:12 PM EDT |
Earlier this month, ride-hailing services Lyft and Uber announced that they will cease their operation in the Texas capital Austin. More recently, a new non-profit ride-sharing service is picking up the pieces and aims to deliver the same service, and this time it will play by the rules imposed by the local government.
Chinese Ride-Hailing Service Didi Chuxing Gets $1 Billion Investment From Apple
Phenny Lynn Palec | | May 14, 2016 12:16 PM EDT |
Tech giant Apple has announced that it is betting $1 billion on Didi Chuxing, a China-based ride-hailing service which is the biggest threat to Uber in the country.
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