NewsChina’s car rental platform CAR sees its net profit surge by 70%The company is planning to repurchase 10% of its shares. 1 min read
It was valued above USD 2.5 billion in the previous fundraising round. NewsAnt Financial-backed Hello Chuxing seeks hefty financing that would take valuation to USD 4 billion2 mins read
The asset-heavy operation was unsustainable. NewsDaimler’s car-sharing platform car2go exits China1 min read
The Shenzhen Stock Exchange had queries. NewsEV subsidiary cuts and heavy R&D spending led to drop in profits, says BYD1 min read
Time will tell if FastGo will live up to its claim of offering the ‘cheapest fares’. NewsFastGo launches Grab competitor in Singapore, but it’s more expensive than other ride-hailers2 mins read
Malaysia expects driver shortages once ride-hailing rules go into effect in July NewsMalaysian authorities lift two ride-hailing rules but sector remains heavily regulated2 mins read
The company’s chairman Lu Zhengyao is also non-executive chairman and angel investor at Luckin Coffee NewsChina’s CAR raises USD 200m via bond sales to repay old debt1 min read
NIU had a tie-up with McLaren GT Customer Racing last year too. NewsVolkswagen and NIU will co-produce electric kick scooters1 min read
On-demand motorcycle taxi drivers lobbied hard for minimum tariffs. Now that they’re here, passengers aren’t willing to pay. NewsAfter Indonesia introduced minimum tariffs for online motorcycle taxi rides, platforms are already seeing a dip in demand2 mins read
