Didi

The investment indicates investors are picking up confidence in the ride-hailing sector again after a two-year winter.

So far, the government has issued 1.04 million license plates for ride-hailing vehicles and 2.5 million ride-hailing driver licenses.

Starting October 10, Beijing residents could hail a self-driving ride for free with a few taps on an app.

Didi Chuxing’s carpooling service, Hitch, faced significant setbacks when two passengers were killed by drivers using its app in separate incidents.

Ride-hailing services from Tencent Map are expected to be expanded nationwide before the National Day holiday.

The buyer is likely to be a Microsoft-Walmart consortium or Oracle, according to sources.

Didi Chuxing, the world’s second most valuable unicorn with a valuation of USD 56 billion, is stepping up its international expansion.

The paradox of big guys getting big cheques hands-down while financing in general is getting harder to come by in China.