China’s Didi Chuxing, the country’s ride-hailing giant , said today that it has raised $4 billion in new capital to proceed with their international expansion. In that way, they are posing a direct challenge to its U.S. rival Uber in its efforts to branch out overseas. Just eight months ago, the company raised $5.5 billion, and in 2016 they raised raised $7.3 billion from big companies including Apple. This takes Didi’s total inbound investments to $19.7 billion, but the company only said that the money came from “Chinese and international institutions.” The company expects to continue that expansion and they promised that the part of the funding will be dedicated to the development
In the late afternoon California time, or early morning Singapore time, Elon Musk, Chairman of the Board and CEO of Tesla Motors, Inc. posted what is his second Master Plan for Tesla. On August 2nd, 2006 Elon posted the first Tesla Master Plan, one we can say the company pretty much checked all the marks. Just a few days before the 10 anniversary, we’re treated to another plan. In this article, we’ll bring you the most interesting bits: Tesla is Becoming an Utility Company “Create a smoothly integrated and beautiful solar-roof-with-battery product that just works, empowering the individual as their own utility, and then scale that throughout the world.
It seems that these days, Uber is rocking it out! The well-known transportation service recently introduced UberEats, an app that allows you to order a takeaway the same way as ordering yourself a ride. Now, they’ve introduced ‘Family Profiles’. So, what exactly does this mean? First, with this option you allow your friends and/or family, to share one payment method for Uber overall. One feature passengers have frequently requested is an easy way to pay for family and friends. That’s why Uber announced Family Profiles, a new feature launched in Atlanta, Dallas and Phoenix that lets up to 10 riders safely and easily share one
You use Uber? Then you’re gonna love this: “We’ve been cooking up something new. An app that makes getting great food from hundreds of restaurants as easy as requesting a ride.” – the official announcement of ordering a meal – with Uber. The newly introduced app allows users to order takeaway food from favorite restaurants. But with a twist. You are still able to order food in a similar format, but this time you can order a meal and have it delivered onto longer distances – and with a dedicated app to serve all your ordering needs. The new UberEATS app is now available on iOS
Every day, our inbox gets flooded with gazillion startups claiming they’re on a path of market disruption. From another standpoint, numerous funds and banks love to talk about disruption and claim that we will live in a ‘brave new world’ thanks to services they provide. ‘Big Blue’, nickname for an IT giant from Armonk in New York state, decided to claim something different – that the digital disruption already happened. Now, some claims from the slide are quite exaggerated (Netflix?), but we will leave you to bring your own conclusions. The message IBM sends is quite clear and the question is what kind of services IBM offers to
Uber’s adversarial relationship with authorities around the world may be coming to an end.
Security researcher picks apart Uber’s app and finds it resembles something out of 1984.
Uber has changed its policies to conform with the rules set by the Reserve Bank of India.
In a sting operation, the Philippines’ franchise authorities have fined and impounded an Uber car for operating an unlicensed public service vehicle.