ride hailing Archive

Evercar mashes up car sharing and ride hailing

Say you’d like to make a few extra bucks by driving for ride hailing services Lyft and Uber or on-demand delivery services like Postmates, but your old car won’t pass muster with these companies. Or maybe you don’t want to put the miles on your personal car. Or maybe you don’t even have a car of your own. That’s where Evercar comes in. It maintains …

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 …

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 …

Uber focuses on services as it begins to see profits in Southeast Asia

Uber has abandoned its ‘land grab’ approach to Southeast Asia and instead switched its focus to new products and services as it begins to see profitability in key markets in the region. A source at the U.S. company told TechCrunch that its operations are now profitable in Singapore and the Philippines, two of its largest markets for numbers of rides and revenue, with others close behind. …