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...

Chinese Tesla investor reportedly developing its own self-driving car tech

8 Nov
2018 Tesla Model 3Chinese company Tencent, which owns a 5 percent stake in Tesla, is developing its own self-driving technology separate from the California electric car builder's AutoPilot system. According to Bloomberg's sources, the company is in the prototype stage with its autonomous technology. If the news is true, it would leapfrog Tesla, which currently...