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.
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.
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.