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…

Leak: Uber China rewards its staff with cash…

Uber China’s 800 employees are to be rewarded handsomely with six months base salary after Didi Chuxing's acquisition, Uber China employees were told on Monday evening, during a company meeting. Chinese tech blog Huxiu quoted…

Uber has lost once, and we’ll make them…

By Sainul Abudheen K Hearing the news on the impending merger between global cab-hailing giants Uber and Didi Chuxing, Anthony Tan, CEO of Southeast Asian cab-hailing company Grab, has vowed to make Uber lose in…

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…

Uber China’s rival Yidao CEO: The Sword of…

Zhou Hang, CEO of Chinese ride-hailing company Yidao, spoke on Saturday at the 2016 NetEase Annual Economist Conference about his concern over the legalization of ride-hailing. He also mentioned that the company was developing a…

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…

Ride-hailing apps solidify their legal status in China

China’s Ministry of Transportation and six other government ministries on Thursday jointly published the “preliminary rules on the management of online car-booking,” legalizing ride-hailing services in China for the first time. Last October, a draft…