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2 mins read
5 reasons why Uber is on the up
After years of massive losses and huge spending, Uber is now profitable.
Tom Carter
2 mins read
Investors are preparing to vote on whether China's ride-hailing app Didi will delist from the NYSE after year-long slide that erased $60 billion from its market value
Last June, Didi listed on the New York Stock Exchange despite Beijing's reluctance. Shortly after, …
Weilun Soon
1 min read
Uber lost almost $6 billion in the first quarter as shares of Asian ride-hailing giants Didi and Grab tanked
Shares of China-based Didi and Singapore-based Grab have plunged since they were listed in the US l…
Huileng Tan
2 mins read
Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says
"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…
Matthew Fox
2 mins read
Didi's US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO
China on Sunday ordered app stores to remove Didi, the country's biggest ride-hailing app, only day…
Harry Robertson
2 mins read
Bigwigs at 'China's Uber' Didi and Lenovo have retreated from the social media platform Weibo, joining other Chinese tech moguls who are hiding from public view
Didi's Jean Liu and her father, Lenovo head Liu Chuanzhi, are the latest tech leaders to pull back …
Weilun Soon
1 min read
Uber stock slips as Chinese rival reportedly plans to enter the Western European market
Uber stock was weighed down by a report that Chinese rival Didi is looking to enter the ride-hailin…
Carla Mozée
2 mins read
Uber's smooth operator Dara Khosrowshahi has done something Travis Kalanick never could: turn a profit
The ride-hailing firm spent years burning through cash under its former CEO Travis Kalanick, but ha…
Hasan Chowdhury
2 mins read
China orders the removal of the Didi app from stores, accusing the ride-hailing company of illegally collecting personal data
App stores will remove the Didi app as the company seeks to rectify what the government described a…
Victoria Cavaliere
1 min read
Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO
Didi Chuxing, which roughly translates to "beep beep travel," is making its US debut in an especial…
Ethan Wu
2 mins read
Didi's IPO will not make investors any money and the business is just as unprofitable as Uber and Lyft, a veteran stock analyst says
Didi jumped as much as 28% to $18 a share when it began trading on the New York Stock Exchange Wedn…
Emily Graffeo
1 min read
Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing - see the D1
The company has had a history of working with electric vehicles and catering to the ever-growing se…
Brittany Chang
1 min read
Didi climbs following report Beijing's city government is seeking control of the ride-hailing company
Municipal investment in the ride-hailing app would give state-run firms control of Didi.
Carla Mozée
2 mins read
Alibaba, Tencent and other Chinese techs slide in Hong Kong after Didi bows to pressure to delist in New York
Chinese techs in Hong Kong fell after ride-hailing giant Didi bowed to pressure to pull its US off…
Karen Friar
1 min read
Chinese ride-hailing company Didi became a retail favorite on its first day of trading
The stock was the top order from retail traders on Fidelity, beating Exela Technologies and AMC Ent…
Natasha Dailey
1 min read
Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion
Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…
Matthew Fox
2 mins read
A woman in Texas shot and killed an Uber driver because she falsely assumed he was kidnapping her and bringing her to Mexico, police say
Police said there was no evidence of an attempted kidnapping or that the Uber driver even veered fr…
Katie Balevic
2 mins read
Uber is looking at dispatching New York's yellow cabs from its app amid a driver shortage
Uber app users could see New York City's yellow cabs as another option alongside "UberX," which wou…
Zahra Tayeb
1 min read
Didi has secured record funding, and Uber should be worried
"The biggest risk any investor faces isn't losing money," says Andy Mok, managing dir…