Articles tagged “didi”

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

6 Uber IPO Roadshow Takeaways Every Travel Exec Needs to Know

Dennis Schaal, Skift

Uber certainly isn't making a profit yet, which isn't the worst thing in the world, considering the mammoth market opportunity. Still, investors in its initial public offering should know it could take several years before that red ink turns black.

4 months ago

Expedia Had a Less-Is-More Approach to Mergers in 2018

Expedia Had a Less-Is-More Approach to Mergers in 2018

Dennis Schaal, Skift

Expedia is an opportunistic company, and mergers and acquisitions are part of its DNA. The company has been quiet on this front for the past three years. It is sort of due to make another big splash.

6 months ago

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Expedia Isn’t Ready to Invest Big in Restaurant Reservations

Dennis Schaal, Skift

Expedia has dealt with a ton of distractions in recent years as it acquired Wotif, Travelocity, Orbitz Worldwide, and HomeAway, for example. CEO Mark Okerstrom wants to focus on the basics instead, and doesn't want to take bold steps into dining reservations or food delivery for now. On the other hand, Expedia is a very acquisitive company so never say never.

9 months ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.

10 months ago

Delete Didi Movement Shakes China Ridesharing Service

Delete Didi Movement Shakes China Ridesharing Service

Bloomberg

Whether it's an airline (United) or a ridesharing service (Didi and Uber), a corporate reputation can be pummeled in a social media minute. Didi executives claim they are now emphasizing safety as the number one priority and making growth secondary. At least they are saying the right things.

12 months ago

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Booking Holdings Invests $500 Million in Ride-Hailing Platform Didi

Edwin Chan, Bloomberg

What does $500 million get you? Other than allowing "Didi users to make hotel reservations on Booking.com and Agoda," we're not exactly sure. We'll have to keep an eye on how this one plays out.

1 year ago

Avis Ups Its Ridesharing Partnerships as Pressure Increases on Car Rentals

Avis Ups Its Ridesharing Partnerships as Pressure Increases on Car Rentals

Andrew Sheivachman, Skift

For Avis Budget Group, strong overseas returns aren't offsetting weakness in the Americas. Through its partnerships with services like Uber and Didi, it's looking for another way to make money with its fleet when rental demand flags.

3 years ago

Uber Sells China Business to Rival Didi

Uber Sells China Business to Rival Didi

Joe McDonald, Associated Press

The hemorrhaging of money will now stop, but can Uber be the most valuable unicorn in the world if it's conceding in China?

3 years ago

Uber’s Top Competition in China Just Raised Another Huge Financing Round

Uber’s Top Competition in China Just Raised Another Huge Financing Round

Associated Press

Even Apple is betting against Uber in China.

3 years ago

5 Facts Behind Apple’s $1 Billion Ride-Sharing Investment

5 Facts Behind Apple’s $1 Billion Ride-Sharing Investment

Lulu Yilun Chen, Bloomberg

Didi is dominating China in a way that Uber would love to dominate any market. It's the one ride-sharing company that's going beyond points A and B to a larger suite of services.

3 years ago

The Mounting Risks Behind Uber’s Ambitious Plan for World Domination

The Mounting Risks Behind Uber’s Ambitious Plan for World Domination

Leila Abboud and Jeremy Wagstaff, Reuters

With globalization comes huge opportunities, but also challenges on every single front, even if you're quick to the game. And with services that can be replicated locally (sometimes better), the challenges are even more acute.

4 years ago

Why Uber Could Face Its Toughest Fight Yet in China

Why Uber Could Face Its Toughest Fight Yet in China

Lulu Yilun Chen, Bloomberg

China is Uber's number one international priority but you can't always get what you want.

4 years ago