SoftBank Group Chief Executive Masayoshi Son slammed the Japanese government’s ride-sharing ban and said the country had fallen behind overseas rivals in areas such as artificial intelligence and fintech.
Chinese ride-hailing app Didi Chuxing said it has received a $500 million investment from U.S. travel firm Booking Holdings Inc (BKNG.O) as part of a new agreement.
China’s Didi Chuxing signed an agreement with German automotive supplier Continental AG on Tuesday to cooperate in developing internet-connected, electric cars tailor-made for Didi’s ride hailing services.
German companies signed a series of agreements with Chinese partners during a visit by Chinese Prime Minister Li Keqiang to Germany.
Mobike, one of the world’s biggest bike-sharing companies, is doing away with deposits for all customers in China, amid fierce battle to win users.
Toyota has agreed to invest $1 billion in Southeast Asian ride-hailing firm Grab as a lead investor in the company’s ongoing financing round.
China’s Didi Chuxing, said it would halt for a week one of its domestic services, which it calls “ride-hitching”, following the death of a female passenger that sparked questions about safety.
Volkswagen, is in talks to form a joint venture with Didi Chuxing to manage part of the ride-hailing company’s fleet of cars and help develop “purpose-built” vehicles.
SoftBank Group plans to shift more than $20 bn of its investments in top ride-hailing companies including Uber, Ola, Grab and Didi into its Saudi-backed Vision fund.
Didi Chuxing began offering its service in the Mexican city of Toluca, setting up a potentially costly battle with rival Uber in a key Latin American market.