VP Of Didi Strategy Stephen Zhu: Chinese Cities Are A Bigger Challenge Than U.S. Cities

As Didi and Uber go head to head to conquer the Chinese market, Stephen Zhu, VP of Strategy and Head of Taxi Services at Didi has said it’s a much harder task to master China’s cities than comparable markets like San Francisco. “Of course it’s more difficult, because Beijing has 20 million people. When you compare the difficulty level it’s like comparing calculus with algebra”, said Mr. Zhu…

Didi Kuaidi Steps Up Globalization With Investment In Indian Ridesharing App Ola

Didi Kuaidi, Uber’s dominant Chinese rival, today confirmed it has made an investment in India’s top ride-hailing app Ola. The company joins a slew of Ola’s existing investors, including Falcon Edge, GIC, Tiger Global Management and Softbank in supporting the company's continued expansion in India. The news comes from Didi Kuaidi, which did not specify the funding size. The investment is part of…

India’s Ola Pulls In $500 Million As Asia’s Ride-Hailing Spending Spree Continues

Ola Cabs, the Indian ride-sharing app that shares a major investor with Alibaba, has sealed $225 million USD of a planned $500 million investment round in what has been the most generous season on record for Asian ride-hailing apps. The latest round of funding brings Ola's valuation to approximately $5 billion USD, and is currently led by New York-based Falcon Edge Capital. Early this year they…

Hong Kong O2O Van Service ‘Lalamove’ Seals $10 Million To Expand In China

With the car-hailing wars reaching a fever pitch on China's mainland, it's hard to believe there's any room left for new competitors in O2O transport. But that's not the attitude of one Hong Kong-based startup. Lalamove has just sealed a $10 million USD bridge round to continue its expansion in China. While the relative newcomer currently only operates in 4 cities, they want to use their latest…

Everyone Knows Silicon Valley. But Have You Actually Been There?

「Everyone knows Silicon Valley. But have you actually been there?」 This Silicon Valley Innovative Trip, organized by TechNode (the exclusive operator of TechCrunch in China officially authorized by TechCrunch), will take you to the top innovative companies in Silicon Valley, such as Google, Facebook, Twitter, Airbnb, Mozilla, Pinterest, Coursera, Flipboard, and also some advanced…

Fashion is the New Geek: TechNode.fr and XFounder Set to Upend Your Mindset for Startup Geeks

What will pop up into your mind on hearing the word “GEEK”? Probably a bunch of The Big Bang Theory protagonists who are surprisingly talented on the one hand, but also extremely inward or even look nerdy on the other hand. Your mindset would be changed if you joined us last Friday at Shanghai’s art gallery Island6 for the launch party of TechNode French as well as the first gathering of our…

Singaporean Motorbike Ride-Sharing App Lompang is Testing the Waters in Myanmar and Cambodia

Lompang is a Singapore based app and service that lets people to hitch a ride on private scooters. The app was launched in December last year by Erfi Azhar and Aaron Fu. Ride-sharing services for cars have taken off in a big way in the last few years with Uber leading the pack. Last week, ride-sharing app Lyft raised $250 Million from Chinese e-commerce giant Alibaba, Coatue and Third Point…

Platforms are eating the world: Platform based businesses poised for explosive growth in 2014

Singapore based Sangeet Paul Choudary writes the blog Platform Thinking, which has been ranked among the top startup blogs for 2012 and 2013 by the HBS Centre for Entrepreneurship. His work has been featured, recommended or quoted in the Wall Street Journal, Harvard Business Review, WIRED, TechCrunch, Fast Company, GigaOm, Forbes, Inc, TheNextWeb, Marketwatch, All Things Digital, Business…

Why Chinese Investors are Willing to Take Bold Bet on the Money Burning Taxi App Business?

Taxi-booking apps experienced booming development in the past year. Investors are still bullish on the taxi app market and continue to invest heavily in the sector, despite the facts that the sprawling growth of the industry is highly dependent on capital injections and none of the leading companies generate any profit so far. Why Chinese investors are still willing to invest in this sector?…

Tech in China: Boom of Taxi Apps in 2013

Technology developments have given rise to new solutions for urban transportation. Taxi apps gained popularity quickly in Chinese market this year, attracting sizable investments from leading venture capitalists and Internet companies. The leading ones include Beijing-based Didi Dache, Hangzhou-based Kuaidi Dache, Beijing-based YaoyaoZhaoche, and Shanghai-based Dahuangfeng. DidiDache received…