Articles tagged “didi kuaidi”

Internet Billionaires Are Playing a Game of Chess With Uber and Lyft as Pawns

Internet Billionaires Are Playing a Game of Chess With Uber and Lyft as Pawns

Eric Newcomer, Bloomberg

The battle for the future or transportation — self-driving cars included — looks like it'll be a dramatic one as these tech billionaires duke it out via their deep pockets.

1 year ago

China Mergers Mean Ride-Sharing and Travel Discounting May Dwindle

China Mergers Mean Ride-Sharing and Travel Discounting May Dwindle

David Ramli and Christina Larson, Bloomberg

A wave of consolidation in China, with Didi Chuxing acquiring Uber's China operations, and Ctrip taking control of rivals Qunar and eLong, means that the era of insane levels of discounting is coming to a close.

2 years ago

Uber’s New Didi Partnership is Stronger Than Lyft and General Motors’

Uber’s New Didi Partnership is Stronger Than Lyft and General Motors’

Eric Newcomer and David Welch, Bloomberg

Now that Uber has all but turned its back on China and conceded that giant market to Didi Chuxing through their new partnership it has more time and money to focus on taking away U.S. market share from Lyft.

2 years ago

Apple Invests $1 Billion in Uber’s Asian Rival Didi

Apple Invests $1 Billion in Uber’s Asian Rival Didi

Julia Love, Reuters

Uber has been such an innovator in this space that it must be seen as a slap in the face, especially from the manufacturer of the phone it hands out to all drivers. But this is a fight with huge ramifications, not small slights.

3 years ago

Uber’s China Rival Didi Kuaidi is Raising $2 Billion in Funding

Uber’s China Rival Didi Kuaidi is Raising $2 Billion in Funding

Shai Oster and Lulu Yilun Chen, Bloomberg

Even with this new $2 billion funding round, Didi's new $25 billion valuation is still less than half of Uber's. But even with a higher valuation, Uber continues to lag far behind Didi in China.

3 years ago

China’s Didi Kuaidi and Lyft Join Forces in U.S. to Take on Uber

China’s Didi Kuaidi and Lyft Join Forces in U.S. to Take on Uber

David Ramli, Bloomberg

Not only is Uber worried about losing marketshare in China--now it's sweating even more as Chinese travelers, the world's largest group of outbound travelers, have more incentive to use its competitor while visiting the U.S.

3 years ago

A Short Guide to Uber’s Global Battles With On-Demand Rivals

A Short Guide to Uber’s Global Battles With On-Demand Rivals

Eric Newcomer, Bloomberg

The Didi-Lyft rivalry to Uber means the latter must focus on at least two well-funded rivals while those rivals only worry about attacking Uber.

3 years ago

Uber’s Chinese Rival Didi Kuaidi Lines Up Bank to Help Drivers Buy Cars

Uber’s Chinese Rival Didi Kuaidi Lines Up Bank to Help Drivers Buy Cars

Lulu Yilun Chen, Bloomberg

Didi Kuaidi's pulling out all the stops to maintain its dominance over Uber in China, but this isn't anything Uber couldn't copy with a strong financial partner by its side.

3 years ago

The Asian On-Demand Carpooling App That’s Eyeing Hong Kong

The Asian On-Demand Carpooling App That’s Eyeing Hong Kong

Yoolim Lee, Bloomberg

As Steve Jobs famously told the Dropbox CEO: What you have here is a feature, not a business.

3 years ago

Uber CEO Says China Is Out-Innovating Silicon Valley

Uber CEO Says China Is Out-Innovating Silicon Valley

Sarah Chen, Bloomberg

Uber is fighting to make up lost ground against Chinese ridesharing rival Didi Kuaidi. No wonder Uber CEO Travis Kalanick is talking up Chinese innovation.

3 years ago

Uber Betting on Tourism to Give It an Edge in Chinese Markets

Uber Betting on Tourism to Give It an Edge in Chinese Markets

Paul Carsten, Reuters

Uber has far to go in China and can use as much local insight and investment as possible.

3 years ago

Facebook Messenger Is Latest App to Integrate Direct Uber Booking

3 years ago