Chinese ride-hailing company Didi Chuxing to launch bike-sharing brand

Sainul Abudheen K, writing for e27;

Didi Chuxing, one of the largest ride-sharing companies in the world, today said it will launch a bike-sharing brand.

The company has already launched a bike-sharing feature within its app, which hosts its partner brands such as Ofo.

Didi is an investor in Ofo, which recently raised US$700 million in Series E funding round led by Alibaba.

The ride-hailing giant has also signed a partnership to host Bluegogo, another bike-sharing platform. As per some reports, Didi is also an investor in Bluegogo.

China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East

Jon Russell, writing for TechCrunch;

A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. The size of the investment was not disclosed.

Didi Chuxing appears to be investing to every ride-sharing startups in every region, except for Uber.

Didi and Softbank to invest $2b in Grab; round may reach $2.5b

Judith Balea, reporting for Tech in Asia;

Southeast Asia’s leading transportation app Grab has new ammunition to battle rivals Uber and Go-Jek. The Singapore-headquartered company announced today that its two largest shareholders – China’s Didi Chuxing and Masayoshi Son-led Softbank – are investing up to US$2 billion to lead its current funding round.

Grab expects to raise an additional US$500 million from existing and new investors, bringing the round’s total to US$2.5 billion. Jack Ma’s Alibaba was supposedly eyeing to join in.

That’s one massive funding. This could threaten Uber’s growth in the region.