As Didi struggles with regulatory pressure and an app suspension, its rivals have begun a price war in bids to win over users and drivers.
Corporate VCs run by tech giants are some of the most active, and important, investors in China. But a rising unicorn needs the right partner to succeed.
Xiaohongshu got big fast, but it’s never found a way to earn money. Can a new pivot to “key opinion customers” turn things around?
In the second part of a two-part series, we look at Hello TransTech’s role in Alibaba’s all-in-one lifestyle ambitions.
Life services platform Meituan recently launched a ride-hailing WeChat mini-app called Meituan Dache. The company relaunched a standalone ride-hailing app with the same name a week ago after a three-year hiatus. Meituan is expanding its ride-hailing service after Chinese regulators banned Didi from accepting new users during a cybersecurity review. [Tech Planet, in Chinese]
As Didi moves toward a rumored IPO, the Chinese ridesharing market isn’t growing fast enough for the world’s second largest unicorn.
Didi Chuxing, the leading ride-hailing service in China, has reached a deal to acquire Uber’s China operations in a merger that could be worth up to $35 billion USD. Didi will take over Uber’s China business, while the U.S. company will become Didi’s largest shareholder. The news comes days after Chinese regulators announced the upcoming legalization of […]
Didi Dache and Kuaidi Dache, China’s two largest taxi-hailing apps, have confirmed that they will merge to become the largest taxi app company in China. The two firms will maintain their brands and independent business operations with their personnel structures unchanged after merger. Cheng Wei and Lu Chuanwei, CEOs of Didi Dache and Kuaidi Dache […]
Riders with high credit scores can waive prepayments required on some ride-hailing platforms.
Uber is learning a tough lesson about what happens when you go head-to-head with China’s tech giants on their own turf. Tencent, the tech company that oversees the China’s most popular chat app WeChat, has has blocked all Uber accounts on its social platform, affecting the service across more than a dozen cities. Tencent-backed Didi Dache is the country’s […]