CHINA TOPIX

11/22/2024 05:09:07 am

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Honda and Alphabet are reportedly in talks to collaboratively develop autonomous cars.

Grab Scores Major Investment Deal With Honda

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

Didi Chuxing Faces Anti-Trust Probe Following Uber China Acquisition

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

Didi Chuxing Taps Local Taxi Operators as Partners

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

Lyft Eyes Buyout Option Following Didi Chuxing-Uber China Deal

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

Uber China, Didi Chuxing Join Forces

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 was started by Joe Liemandt who is also the chief executive officer of Trilogy, a consumer electronics software and automotive company.

RideAustin Launches Following Uber and Lyft Exit

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.

Apple, Didi Chuxing

Chinese Ride-Hailing Service Didi Chuxing Gets $1 Billion Investment From Apple

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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