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The end of China’s ride-sharing gig – TechCrunch

The end of China’s ride-sharing gig – TechCrunch Over the last few years, millions of Chinese workers managed to earn extra money by being ride-hailing drivers. Many picked the gig because of its flexible schedule. For those who could not otherwise afford to own a car in China’s pricy metropolises, …

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Alibaba-backed Hellobike bags new funds as it marches into ride-hailing – TechCrunch

Alibaba-backed Hellobike bags new funds as it marches into ride-hailing – TechCrunch 2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a brake on expansion after it was sold to …

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Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up – TechCrunch

Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up – TechCrunch Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as …

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BWM’s premium ride-hailing service is now live in China – TechCrunch

BWM’s premium ride-hailing service is now live in China – TechCrunch BMW has joined a handful of automakers to compete with transportation upstart Didi Chuxing, which bought Uber’s Chinese business in 2016. Last Friday, the German luxury carmaker launched a premium ride-hailing service in Chengdu, the capital of China’s Sichuan …

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Lyft is becoming a one-stop transportation app in these 3 cities – TechCrunch

Lyft is becoming a one-stop transportation app in these 3 cities – TechCrunch Lyft is turning its app into a one-stop multimodal transportation app in a few U.S. cities, the latest illustration of its transformation from ridesharing startup to a company that wants to own, or at least be a …

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African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch

African fintech startup Jumo raises $12.5M more to fund Asia expansion – TechCrunch Months after a big round, African fintech startup Jumo has pulled in a fresh $12.5 million to add more fuel for its expansion into Asia Pacific. The new investment comes from London-based investment fund Odey Asset Management, and …

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Nigerian logistics startup Kobo360 raises $6M, expands in Africa – TechCrunch

Nigerian logistics startup Kobo360 raises $6M, expands in Africa – TechCrunch More posts by this contributor SimbaPay launches Kenya to China payment service over WeChat Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capital Nigerian trucking logistics startup Kobo360 has raised $6 million to upgrade its platform and …

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Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia – TechCrunch

Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia – TechCrunch Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a …

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China’s Didi restructures key units to improve safety following passenger deaths – TechCrunch

China’s Didi restructures key units to improve safety following passenger deaths – TechCrunch China’s largest ride-hailing operator Didi Chuxing announced on Wednesday a major restructuring, which trails a series of tweaks to its core businesses following two separate passenger murders that happened in May and September. The reshuffle will see Didi …

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China’s Didi adds driver training program to counter sharp decline in rides – TechCrunch

China’s Didi adds driver training program to counter sharp decline in rides – TechCrunch Didi Chuxing, China’s largest ride-hailing company by number of users, has been struggling to recover from a major setback following the deaths of two passengers earlier this year. On Wednesday, its founder and CEO Cheng Wei released …

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