Taiwan’s Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing. Indeed, the world’s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion. So, with […]
The 9th US Circuit Court of Appeals has blocked the enforcement of a Seattle law that gives drivers for ride-hailing startups such as Uber and Lyft the right to form a union. The court said […]
Careem is one of ride-hailing Uber’s lower profile rivals in emerging markets. It has taken a step into the global limelight today after it announced that it has raised $350 million. The round was led by Japanese […]
Despite the ferocity of its battle against rival ride-hailing startup Ola, Uber expects its business in India to start producing a profit soon. Uber has focused on India as its most important Asian market since […]
Grab, the biggest rival to ride-sharing service Uber Technologies Inc [UBER.UL] in Southeast Asia, has raised $750 million in a funding round, turning up the heat on the U.S. firm now seeking to expand in […]
Baidu has received a permit to test its self-driving car in California. It is the 15th company to receive approval from the Golden State. After unveiling its autonomous vehicle in China last December, Baidu (NASDAQ:BIDU) […]
Uber and Didi were caught up in a major price war in China, something that was hurting both companies as they fought for control of a major territory. However, Didi gave $1 billion to Uber […]
By Tristan Van Iersel. We already knew Uber’s intention to eventually replace its drivers, who take 80% of what riders pay, with fully autonomous cars. The interesting pieces are: Partner choice: The Swedish carmaker, and […]
The world’s first self-driving taxis are picking up passengers in Singapore. Select members of the public began hailing free rides Thursday through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. nuTonomy […]
Ride-hailing startup Lyft has approached several companies, including General Motors, Google, Apple, Amazon and Didi Chuxing, about buying it, sources say. The talks with General Motors got further than those with the other companies but […]
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