4 Articles
Report

The tech company is now valued at over $20 billion.

A Chinese company that is taking on Uber in the ride-on-demand market, Didi Kuaidi, is now worth over $20 billion, thanks to a new $1B financing round.

Report

Uber just received $2 billion in funding in China to bankroll the ridesharing app's attempts to control that lucrative market.

Report

Four major players in the ride sharing industry, including Lyft and China's Didi Kuaidi, will form an alliance to challenge Uber's global expansion. The companies will offer seamless access to their apps across the supported countries and will share market knowledge.

Uber's biggest Chinese rival, Didi Kuaidi, has invested an undisclosed amount in Lyft to challenge the ride sharing behemoth.