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Uber stock slips as Chinese rival reportedly plans to enter the Western European market

Uber stock was weighed down by a report that Chinese rival Didi is looking to enter the ride-hailing market in the UK, France and Germany. Nisian Hughes/Getty Images Uber shares fell Wednesday .....»»

Category: worldSource: nytFeb 24th, 2021

China"s Didi Chuxing Launching Ride-Hailing Service in Mexico

China’s Didi Chuxing is launching its ride-hailing service in Mexico in the latest challenge to rival Uber as it seeks to take its services beyond China......»»

Category: smallbizSource: wsjApr 23rd, 2018

The Wall Street Journal: Chinese Uber rival Didi halts carpool service after driver kills passenger

Chinese ride-hailing giant Didi Chuxing Technology Co. said it is temporarily halting one of its services for the second time in three months after police said a Didi driver raped and murdered a female passenger in eastern China......»»

Category: topSource: marketwatchAug 26th, 2018

Exclusive: "Made in Russia" passenger jet finds a single buyer, Aeroflot

Russia's main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters......»»

Category: topSource: reutersFeb 19th, 2020

Exclusive: No orders for Russian-made Superjet, rival to Western jets, except Aeroflot - sources

Russia's main home-grown passenger jet, the Sukhoi Superjet 100, conceived as a rival to Airbus, Bombardier and Embraer, has no confirmed orders this year beyond a long-standing deal with state carrier Aeroflot , two sources told Reuters......»»

Category: topSource: reutersFeb 19th, 2020

Exclusive: China"s SenseTime expects $750 mln 2019 revenue despite U.S. ban - sources

Chinese artificial intelligence (AI) start-up SenseTime, which Washington put on a trade blacklist in October, expects its 2019 revenue to increase by more than 200% year-on-year to around $750 million, two sources familiar with the matter said......»»

Category: topSource: reutersDec 6th, 2019

Exclusive: Morgan Stanley likely to gain majority control of China securities JV in H2 - sources

Morgan Stanley is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of this year, people with direct knowledge of the matter told Reuters......»»

Category: topSource: reutersJun 28th, 2019

Uber, Didi slam Mexico City"s new rules on ride-hailing, including cash ban

Uber, Didi Chuxing and other ride-hailing firms on Thursday criticized a host of new regulations of the sector in Mexico's capital city, which include a ban on cash fares that could exclude many potential customers who lack bank accounts......»»

Category: topSource: reutersApr 25th, 2019

Exclusive: Chinese EV car maker NIO restricts its IPO banks from working for rivals - sources

Chinese electric vehicle (EV) maker NIO Inc has blocked the eight top investment banks that did its IPO from working for rivals by tying them up in rare year-long non-compete clauses, several people with direct knowledge of the matter said......»»

Category: topSource: reutersMar 29th, 2019

Exclusive: Uber plans to kick off IPO in April - sources

Ride-hailing company Uber Technologies Inc is planning to kick off its initial public offering in April, putting it close on the heels of its smaller rival Lyft Inc, people familiar with the matter said on Thursday......»»

Category: topSource: reutersMar 14th, 2019

China Ride-Hailing Giant Didi in IPO Talks, Likely Beating Uber to Market

Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries......»»

Category: smallbizSource: wsjApr 24th, 2018

China Ride-Hailing Giant Didi in Talks for IPO, Likely Beating Uber to Market

Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries......»»

Category: smallbizSource: wsjApr 24th, 2018

China"s Didi in talks for IPO as early as this year: WSJ

(Reuters) - Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar with the matter......»»

Category: topSource: reutersApr 24th, 2018

Chinese Ride-Hailing Giant Didi Chuxing in Talks for IPO

Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries......»»

Category: smallbizSource: wsjApr 24th, 2018

Chinese Ride-Hailing Giant Hits Accelerator on Talks for Potential IPO

Didi Chuxing Technology Co. is holding discussions about a multibillion-dollar initial public offering that could happen as soon as this year, as it looks to amass a large war chest to fend off rivals in China and other countries......»»

Category: smallbizSource: wsjApr 24th, 2018

Uber rival Gett is said to mull sale of ride-share startup Juno

Gett Inc., the ride-hailing app that competes with Uber Technologies Inc., is weighing an exit from the U.S., just over a year after spending $200 million to enter the market......»»

Category: topSource: moneycentralJul 15th, 2018

How Booking Holdings Just Boosted Uber"s Archrival

Chinese ride-hailing giant Didi Chuxing is assembling the pieces to outflank Uber......»»

Category: topSource: foxnewsJul 21st, 2018

"China"s Uber" Murderer Had Loans From 51 Lenders, Borrowed Heavily From P2P

Submitted by Investing in Chinese Stocks China's Uber, Didi Chuxing, has suspended service after a driver raped and murdered a young wom.....»»

Category: blogSource: zerohedgeAug 27th, 2018

Chinese transport authorities slam Didi for skirting safety measures

Chinese authorities announced a broad crackdown on China's ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year......»»

Category: topSource: reutersNov 28th, 2018

"Out of control": Chinese authorities slam ride-hailing giant Didi over safety

Chinese authorities announced a broad crackdown on China's ride-hailing industry on Wednesday, targeting market-leader Didi Chuxing with fines following the deaths of two passengers in separate incidents earlier this year......»»

Category: topSource: reutersNov 28th, 2018