Bringing you the latest financing highlights in the tech sector in China.
Tag: car-hailing
Shouqi Limousine & chauffeur attracted new investment from Baidu and NIO.
Shouqi Car Rental is one of the first car rental businesses in China.
China’s car-hailing giant has made three major international deals this year in the wake of Uber’s setbacks.
Didi’s CEO said at the Boao Forum for Asia on Wednesday that Didi will continue subsidizing drivers and passengers in 2016, with no plans for listing just yet.
Didi Kuaidi may be valued at over USD 20 billion once this round closes.
Uber has pledged to provide bonuses to both passengers and drivers requesting or provisioning its new ‘Uber Electric’ service. Uber claims at present 30% of its fleet in Shanghai consists of EVs.
The personal driver market is set for a shakeup with Daijia and UCAR set to join forces in a bid to tackle the challenge presented by dominant Didi Kuaidi.
Uber China surges ahead with its fundraising ambitions announcing its latest partner in Hainan Airlines.
As the ride-hailing climate in China looks to become more closely regulated, Uber China registers its operations in the Shanghai Free Trade Zone.