Uber is taking a page out of Chinese rival Didi Kuaidi’s expansion strategy. The ride-hailing app company announced a new partnership with Alibaba’s financial wing that would allow its users traveling outside mainland China to pay for their rides in RMB using Alipay. The partnership is...
In its latest bid to amp up its game against Uber, Chinese ride-hailing service Didi Kuaidi has attracted a $200 million investment from China Merchants Bank (CMB) as a part of its $3 billion fundraising round. The investment underpins a new strategic partnership with CMB,...
Uber’s China division received a nearly $2 billion investment from Chinese firms, boosting the unit to a valuation of $7 billion. As Reuters reported Wednesday (Jan. 13), the previously unreported Chinese investors have been identified as China Minsheng Banking, real estate developer China Vanke and...
Chinese ride-hailing app company Didi Kuaidi is expanding its test drive service to unlock a whole new market of automobile eCommerce to its user base, the company announced. The test drive service, which was launched in October last year, allows users to take one of the 92...
February 25, 2016
Uber’s aspiration to cut itself a bigger share of the Chinese ride-hailing market seems to be slipping away from its reach with its Chinese arch rival, Didi Kuaidi, planning to raise another $1 billion for further expansion. The investment round, which would value the company at $20 billion, is one among the many the two companies […]
February 02, 2016
Uber is taking a page out of Chinese rival Didi Kuaidi’s expansion strategy. The ride-hailing app company announced a new partnership with Alibaba’s financial wing that would allow its users traveling...
January 28, 2016
In its latest bid to amp up its game against Uber, Chinese ride-hailing service Didi Kuaidi has attracted a $200 million investment from China Merchants Bank (CMB) as a part...
January 14, 2016
Uber’s China division received a nearly $2 billion investment from Chinese firms, boosting the unit to a valuation of $7 billion. As Reuters reported Wednesday (Jan. 13), the previously unreported...
