Apple Invests USD 1 Billion in China’s Leading Ride-Sharing Platform Didi Chuxing

Posted by Christopher Ledsham
On 13th May 2016
Alibaba, Apple, Didi, Startup, Tencent, uber

[tweetable]Apple Inc revealed on May 12th 2016 that it had invested USD 1 billion in Didi Chuxing[/tweetable], China’s leading ride-hailing service, which is fighting to defend its market position in China from the advances of an increasingly ambitious Uber. Didi Chuxing (formerly Didi Kuaidi) formed in February 2015 following a merger between ride-share companies Didi […]

UBER attempts to establish their business in China：A hard fight against the local competitors

Posted by Newsdesk
On 12th April 2016
china, mobile transportation platform, ride-hailing market, uber

Uber, the world’s leading online transportation network company – recently valued at over $62 billion – is losing over $1 billion a year in China. Gaining a foothold in the world’s largest ride-hailing market which is already served by a number of local competitors, however, will not be easy for the San Francisco-based tech giant. Nevertheless, at a conference in […]