Didi Chuxing Archive

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

Chinese taxi-hailing giant Didi eyes bicycle sharing with its latest investment

Didi Chuxing, China’s largest ride-hailing company, may be about to get into bicycles. Bike sharing, to be precise. The company, which is in the process of finalizing its acquisition of Uber’s business unit in China, today revealed that it has invested in a young startup called Ofo which lets people borrow bikes. The investment is said to be “tens of millions” in size, but it isn’t clear how much equity Didi …

China’s anti-trust regulators are investigating the Didi-Uber deal

China has opened an investigation to determine whether Didi’s Chuxing’s impending acquisition of Uber China violates national anti-trust laws. The development — which was first reported by the Wall Street Journal — was confirmed by Didi. “We are in communication with the authorities,” a spokesperson told TechCrunch. At this point there is no indication when the probe, which was triggered by feedback, will be completed. The Journal reports …

After China, India looms as Uber’s next battleground

Ajay Chopra Crunch Network Contributor Ajay Chopra, co-founded Pinnacle in his living room and grew it to a multi-billion dollar public company before becoming a venture capitalist with Trinity Ventures. More posts by this contributor: How to join the network Earlier this month the ride-sharing world faced its first major shakeup when Uber announced that it would sell its China business to primary competitor Didi for an ownership …

Didi Chuxing confirms it is buying Uber’s business in China

China’s Didi Chuxing has confirmed that it has agreed to buy Uber China in a deal that had been heavily speculated earlier today. Didi said in an announcement that Uber will be given a 5.89 percent stake in the newly merged entity, with preferential equity that is equal to a 17.7 percent economic interest in Didi Chuxing. It explained that existing Uber China investors, which …

Uber China will reportedly merge with archrival Didi Chuxing

Huge news for China’s ride-sharing industry, it appears that Didi Chuxing will gobble up rival Uber China in a merger deal that will value the combined entity in China at $35 billion. The rumor has being doing the rounds for around a month now, with both sides denying but it looks like a deal is happening. Both Bloomberg and the Wall Street Journal cited sources claiming that a …