Chinese ride-sharing major Didi Chuxing raises $4B for overseas and AI expansion
Didi Chuxing, market leader in China’s ride-hailing segment, has announced that it has raised $4 billion in an investment round…
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Lyft Gets $1B in Financing Round Led by Alphabet’s CapitalG
Alphabet’s growth investment fund, CapitalG, is leading a $1 billion financing round in ride-share operator Lyft, a key rival to…
Uber Just ‘Did a China’ with the Russia Exit, Is It IPO Time Yet?
Uber Technologies announced today that the company will be merging its Russian arm with Yandex.Taxi, the leading ride-hailing service in…
Waymo Lyft Partnership Potentially Worth 12 Percent of Alphabet’s Valuation: Morgan Stanley
Analysts from Morgan Stanley have calculated that Waymo’s partnership with Lyft on self-driving technology could put the Alphabet spun-off company’s…
Car-sharing Goes Luxury, Daimler Launches Car2Go with Mercedes-Benz Option
Why car-share a tiny little smart car when you can take the luxury route? Daimler’s car-sharing service, Car2Go, now offers…
Uber Announces Uber AI Labs for Autonomous Driving Technology Research
Ride-hailing major Uber today announced the launch of Uber AI Labs dedicated to research in artificial intelligence and machine learning….
BMW to Test the “Coolest” Self-driving Vehicle Ride-hailing Service Next Year
By next year, BMW intends to have 40 self-driving cars that will be tested for used for a car-sharing service…
Chinese Uber-killer Didi Chuxing Turns to Self-driving Cars
After buying up the competition in the form of Uber China, ride-hailing company Didi Chuxing is now one of the…
Cheng Wei: The Billionaire Who Brought Down Uber China
When a company sells out to its competitor and says that it’s a good thing, you know they’ve been defeated….
Will Uber Shun Google Maps with $500M Investment in Global Mapping?
After raising $3.5 billion last month, Uber might be planning to shed some dead weight in the form of Google Maps….