Uber’s Chinese rival just raised $4 billion

23 Dec
Didi Chuxing's Mountain View, CA LaboratoryAs turbulent as 2017 was for Uber, 2018 looks set to start off even worse for the maligned company, as China’s Didi Chuxing says it raised over $4 billion from SoftBank Group in yet another round of funding. The large injection of cash makes Didi the world’s second-largest startup, with a valuation of $56 billion, and over $12 billion...

Uber’s Chinese rival coming to North America

11 Dec
Didi logoDidi Chuxing, the rideshare giant that drove Uber out of China, is turning its attention to Mexico in a bid to gain a foothold on North American soil. The move marks Didi’s first attempt at international expansion. The company has already met with Mexican trade and investment officials, and is in the process of recruiting drivers, with the...