ride-hailing platform Archives - Page 4 of 6

Hello Inc. Becomes Cornerstone Investor of SF Intra-City, Cooperating in Power Exchange For Two-Wheelers

Chinese bike-sharing giant Hello Inc. announced that it had reached a strategic cooperation agreement with SF Express's SF Intra-City.

Meituan’s Smart Transportation Platform Split, Ride-Hailing Division Now Independent

Meituan recently split its smart transportation platform, which was established less than one year ago. The car-hailing and unmanned vehicle distribution divisions under the platform are independent.

Ride-Hailing Platform Dida Chuxing Responds to Female Passenger Jumping During Ride, Driver Suspended From Taking Orders

Dida Chuxing, a Chinese online ride-hailing platform, responded on Wednesday to a dispute between a female passenger and one of the company's drivers.

Didi Tests Food Delivery Business in Chinese Market Again

The catering service project "Satisfying Gaifan"(满足盖饭) by mobile transportation platform Didi has undergone further tests.

Ride-Sharing Platform T3 Travel Completes $1.2 Billion A Round of Financing

Chinese ride-sharing startup T3 Travel announced the completion of its Round A financing on Tuesday, amounting to 7.7 billion yuan ($1.2 billion).

Geely-Backed Ride Hailing Firm Caocao Mobility Negotiating New Round of Financing, Plans for IPO Within Five Years

Gong Xin, CEO of the company, said in an interview that the new round of financing may be completed in the first half of 2022.

Ride-hailing Platform T3 Travel About to Complete Financing Round Worth 5 Billion Yuan

T3 Travel is about to complete its latest round of financing, including equity financing of more than 5 billion yuan ($755 million).

Official Tianjin Departments Summon Ride-hailing Platforms Including Didi, Demanding a Stop to Recruitment of Non-Compliant Vehicles

Six Tianjin Government Departments conducted a joint interview with eight car-hailing platforms on Wednesday, including Didi Chuxing, T3 Travel, Meituan and CaoCao Chuxing.

China VC Weekly: Didi Rival Raises Stakes, Big Injections from Xiaomi and ByteDance

In last week’s VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, and more.

Chinese Ride-Hailing Platform Caocao Chuxing Receives 3.8 Billion Yuan in Funding, Sets Headquarters in Suzhou

Caocao Chuxing, the ride-hailing arm of automaker Geely, announced the completion of Round B financing worth 3.8 billion yuan ($589 million) on Monday.

Chinese Regulators Summon 11 Ride-hailing Firms Over Illegal Behavior

On Wednesday, five Chinese regulators have summoned and interviewed 11 ride-hailing firms, including Didi Chuxing and Shouqi, asking them to rectify illegal operation problems and actions that disrupt the market order.

Geely-Backed Ride-Hailing Platform Caocao Chuxing Receives Billions in New Round of Financing

Chinese ride-hailing platform Caocao Chuxing has recently completed a new round of financing totaling several billions of yuan.

Didi Denies Core Management Changes During Cybersecurity Probe

Didi Global affirmed in a Weibo post that the company is actively and fully cooperating with regulators' ongoing cybersecurity probe, and that rumors concerning changes to the company's management are not true.

Didi Denies Going Private, Pre-Market Price Soars 50%

On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. The report said that the company would also compensate investors for losses incurred by the company's listing in the United States a month earlier. Didi later denied this report on its official Weibo channel. Prior to that time, the company's pre-market share price spiked 50%.

“Traitor” and “Evil Capitalist” Allegations Fuel a Perfect Storm for Didi

Besides heightened regulatory pressure from authorities, an increasingly shrill blend of nationalist and anti-capitalist sentiment among Chinese netizens has also acted as a catalyst for Didi’s turmoil, creating an unprecedented scenario on social media.