Didi Chuxing

Shares of Ideanomics were trading higher Monday after the small-cap company announcing a large purchase of electric vehicles customized for ride-hailing in China. What Happened: Mobile Energy Global, a subsidiary of Ideanomics Inc (NASDAQ: IDEX), announced it is purchasing 2,000 D1 units from...

Uber Technologies Inc (NYSE: UBER) is reportedly considering strategic maneuvers to expand its market share in Europe. The San Francisco-based company is in discussions to purchase German ride-sharing app Free Now, according to Bloomberg. Formerly known as MyTaxi, Free Now is a product of Your...

Chinese stocks have taken a big hit from the trade war, with the iShares FTSE/Xinhua China 25 Index (NYSE: FXI) down 13.8% in the past year. While Chinese investors are enduring a near-term dip in the stock market, Chinese brands are growing like wildfire on the international front. BrandZ recently...

Thousands of startups around the globe are working on disruptive solutions that make travel and mobility more efficient, frictionless, and interconnected. As our recent analysis on the state of Travel & Mobility Tech around the Globe has shown, the rate of innovation in this sector has grown...

The United States is home to the most unicorn companies in the world, with over 100 such companies, according to a new report by HowMuch. The term unicorn, used to describe a private company valued at at least $1 billion, was thrust into the spotlight after Uber became the ultimate unicorn as it...

Last Friday, reports suggested that JD.Com Inc(ADR) (NASDAQ: JD) has invested about $100 million in Go-Jek, a ride-hailing service based in Indonesia. The news of the investment was first reported by technology-focused news service Information. The investment, made as part of Go-Jek's latest...

Southeast Asian ride-hailing company Grab expects to raise about $2.5 billion in new investments from China's state-run Didi Chuxing and Japan's Softbank Group, among other investors. Softbank and Didi Chuxing, which won the Chinese market over Uber Technologies Inc., will invest up to $2...

Uber and Lyft's head-to-head battle pits two of the most valuable startups in the planet against each other. Making the situation more interesting is the fact that the two companies offer nearly identical services and are both betting their future on autonomous driving. Uber, valued at $68 billion...

SoftBank Group Corp (OTC: SFTBF)’s founder and CEO Masayoshi Son plans to make his childhood dreams come true after securing an unparalleled $92 billion in funding for his vision fund. On Monday, SoftBank officially closed the first round of its investment funding, securing investments from...

Uber, the popular car ride sharing platform, lost $1.2 billion in the first half of 2016. The company's woes mostly stem from its international operations; it has lost billions of dollars in China alone since it tried to crack the market. Uber did strike a deal to sell its Chinese unit to...

The separation is now complete. Yum! Brands, Inc. (NYSE: YUM) consummated the process of spinning off of its Chinese unit as a separate publicly traded company. Christened as Yum China Holdings Inc (NYSE: YUMC), the Chinese-focused business began trading on the NYSE Tuesday under the ticker symbol...

Apple Inc. (NASDAQ: AAPL) shares plummeted more than 2.2 percent following the release of the company’s fiscal Q4 earnings last week. Despite an earnings and revenue beat, the market was disappointed by shrinking margins and 30 percent decline in China sales. For years, China has been the...

ZTO Express Inc. (NYSE: ZTO) made a disappointing IPO debut on Thursday, falling 15 percent from its IPO price in its first day trading. Nevertheless, the company’s $19.50 IPO price values the Chinese delivery service provider at a staggering $14 billion. ZTO marked the largest Chinese IPO in...

Looks like its “uh oh” for Uber. The digital ride-sharing platform had a series of troubles spanning from competition to the courtroom this week. Friday, the Chinese Ministry of Commerce announced it will launch an antitrust investigation against Uber due to speculation that the company...

Ford Motor Company (NYSE: F) announced plans to have a fleet of fully autonomous vehicles on the streets by 2021. Ride-hailing and ride-sharing companies like Uber and Lyft will be among the first to gain access to these long-awaited tech wonders. Individual customers will have to wait at least...