Didi

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Didi moves west in 99 ride-hail service buy in Brazil

By Kevin May | January 4, 2018

The pincer movement around Uber is growing, as Chinese giant Didi is confirmed as the new owner of Brazilian brand 99. Read More

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Didi starts to firm up global network, buys Brazilian partner

By Martin Cowen | January 4, 2018

Didi Chuxing has bought Brazil's biggest ride-hailing business 99 for a reported $1 billion. The deal comes almost a year to the day since Didi took a stake in 99 and started a strategic co-operati Read More

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Mobility players are not standing still but where next for Uber?

By Martin Cowen | January 2, 2018

Three recent stories from the mobility sector - featuring Uber, Didi and Daimler - form a convenient structure on which to assess the current state of play in the sector formerly known as taxi apps. Read More

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Didi raises another multi-billion dollar round

By Kevin May | December 27, 2017

There are very few companies that would raise $5.5 billion, and then just over six months later bring in another $4 billion. Read More

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Another billion dollars for Ola, with more on the way

By Martin Cowen | October 12, 2017

India's leading mobility app Ola has raised $1.1 billion with un-named US investors taking part alongside Chinese digital giant Tencent. Tencent is making its first investment in Ola and led the ro Read More

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Didi adds another piece to its global jigsaw with Careem tie-up

By Martin Cowen | August 8, 2017

Didi, China's dominant taxi app and mobility services provider, has linked up Middle East based Careem, its second investment and strategic partnership announcement in a week. The pair "will share Read More

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Didi adds another piece to its global jigsaw with Taxify tie-up

By Martin Cowen | August 2, 2017

China's taxi app giant Didi Chuxing has announced an investment in and strategic partnership with Estonia-based Taxify. Taxify operates in 25 cities and 18 countries in Europe, West Asia, Africa an Read More

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Didi and Softbank lead $2.5 billion round for Grab

By Martin Cowen | July 26, 2017

The taxi-app goldrush continues apace, with southeast Asia's Grab in line for a $2.5 billion injection, the largest ever financing round seen in the region. The funding is being led by China's domi Read More

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Didi translates its app into English for visitors to China

By Martin Cowen | May 8, 2017

China's mega-funded taxi app Didi Chuxing will be available in English for visitors to Beijing, Shanghai and Guangzhou. The move on Didi's part is part of its "internationalization" plan which has Read More

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Didi completes $5.5 billion raise, Gett gets Juno

By Martin Cowen | April 28, 2017

More multi-digit deals in the global taxi app sector, the biggest of which is China's Didi closing a $5.5 billion funding round. Bloomberg says this is the biggest ever funding round for a tech bus Read More

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Didi moves into Latin America via stake in Brazil's 99

By Martin Cowen | January 5, 2017

China's biggest taxi app Didi is linking up with Brazil's 99, taking a stake in the business as part of a strategic co-operation deal. The scale of its investment in 99, formerly 99 Taxis, is not d Read More

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Uber allegedly loses $800 million in three months but China sale nets $2.2 billion profit

By Martin Cowen | December 20, 2016

The global financial pages are buckling under the weight of Uber's $800 million loss for the July-Sept quarter. The Information broke the story, most of which appears behind its paywall. Uber's Read More

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Another $350 million into the ride-hailing sector via Careem

By Martin Cowen | December 19, 2016

Japan's internet giant Rakuten has nailed another taxi app investment, taking part in a $350 million funding round for Dubai-based Careem Careem, which operates across the Middle East and North Af Read More

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Didi move spotlights potential activities play

By Martin Cowen | December 16, 2016

Taxi apps are more than just a way to get a cab on a smartphone - and the biggest taxi app of the lot, China's Didi, has spent of lot of 2016 becoming very much like a mobile travel platform. In Oc Read More

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Didi and TripAdvisor China talk the full service ecosystem talk

By Martin Cowen | October 21, 2016

In the wider scheme of things, TripAdvisor doing something with 100 hotels wouldn't blip the radar. Unless those hotels are in China, and TripAdvisor is doing something with Didi, China's biggest t Read More

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