Lyft to Leverage Alliance with Didi Kuaidi to Gain Major Share in US Market
Lyft Inc., an online ride-hailing and sharing service provider, is aiming to become a dominant force in the United States within two years by leveraging on its alliance with Didi Kuaidi, China’s More...
Uber Rival Lyft Gets Lift After GM Invests $500 Million, Plans System Of Self-Driving Cars
Uber Rival Lyft has closed $1 billion with a $500 million investment from General Motors. GM will also have a seat on Lyft’s board. Kingdom Holding Company invested $100 million making the total investment More...
Uber’s Chinese Rival Didi Kuaidi Funds Uber’s U.S. Rival Lyft
Uber may have met its match in its Chinese rival, Didi Kuaidi. In Didi’s latest move, the Asian ride-hailing service invested an undisclosed sum in Uber’s American rival, Lyft , co-found by logan More...
‘You are my inspiration’: China’s Uber rival Didi to Uber CEO Kalanick
Well this is unexpected. The chief executive of taxi-hailing app Didi Kuaidi, Uber’s main rival in China, reportedly told Uber founder Travis Kalanick that he was his “inspiration” during a July More...
Airbnb raises $1.5 billion at valuation of $25.5 billion
According to reports from the Wall Street Journal and Financial Times, Brian Chesky, CEO of Airbnb home-rental service, agreed to a $1.5 billion fundraising to boost the company’s valuation to $25.5 More...