With the merge, the new ride-hailing business would value USD 35 billion. But as yet, the deal is not confirmed.
Tag: Uber China
Chinese netizens came up with a workable calculation showing how to find the thriftiest ride in China
More than 2,700 unlicensed passenger vehicles have been penalized in Shanghai, and ride-hailing platforms must make some changes.
Yidao says it has surpassed Uber as No. 2 in China, and wants to become an ecosystem.
Wednesday didn’t see a head-on duel, but while Didi reported its enterprise edition performance, Uber introduced an updated widget.
Didi Kuaidi may be valued at over USD 20 billion once this round closes.
The two giants will first launch services in popular travel destinations Hong Kong, Macau, and Taiwan and extend to more countries and regions this year.
Authorities in Guangzhou to crack down on private car services from Uber and 5 other Chinese companies
Uber and five other Chinese car-hailing services have banned 100,000 private cars on their platforms in a month under pressure from local authorities in Guangzhou.
China Minsheng Bank, China Vanke Group Co. and China Broadband Capital, have been announced as several investors in Uber China’s latest USD 2 billion Series B fundraising round.
Uber China has re-launched its “People’s Uber+” car-pooling service in Beijing to compete with Didi Kuaidi.