State-owned China Post Group invests in Didi Chuxing

State-owned China Post Group announced on Tuesday that it would invest in China’s ride-hailing giant Didi Chuxing after acquiring Uber China. The two parties did not disclose the exact amount of investment, instead describing their…

Subsidies to ride-hailing business will not stop, Didi…

Three days after China legalized ride-hailing services, Didi Chuxing announced its acquisition of Uber China, thereby building its market share to 93.1%. With the marriage of the two biggest ride-hailing platforms in China, it seems…

Grab to raise around US$600M from Didi and…

By Yon Heong Tung Southeast Asian ride-hailing behemoth Grab is set to raise around US$600 million in a round led by China-based ride-hailing company Didi Chuxing and SoftBank, according to a report by Bloomberg. Grab…

Didi and Uber China decided to shake hands…

China’s largest ride hailing app Didi Chuxing confirmed in a statement on Monday that they will acquire Uber China. According to the strategic agreement sealed between Didi Chuxing and Uber, Didi Chuxing will acquire all…

Didi buying Uber China? Chinese media stir fries…

Rumors about a merger of Uber China and Didi Chuxing have gone on for a while, yet the two parties concerned have, so far, neither denied nor provided comment. However, Bloomberg reported on Monday that…