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Latin America is the next stage in the race for dominance in the ride-hailing market – TechCrunch

Latin America is the next stage in the race for dominance in the ride-hailing market – TechCrunch Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Groupon Mafia A new era …

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Taxify is entering the e-scooter game – TechCrunch

Taxify is entering the e-scooter game – TechCrunch Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million …

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China announces transportation industry reform, days after murder of Didi carpooling passenger – TechCrunch

China announces transportation industry reform, days after murder of Didi carpooling passenger – TechCrunch The Chinese government announced it will reform the transportation industry to safeguard passengers, three days after a female passenger was allegedly raped and murdered by a Didi Chuxing driver last Friday. Provinces and autonomous regions are …

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China’s Didi suspends carpooling service after another female passenger is mudered – TechCrunch

China’s Didi suspends carpooling service after another female passenger is mudered – TechCrunch Chinese ride-hailing firm Didi Chuxing, the $60 billion-valued company that bought out Uber’s China business, has suspended its carpooling service after the murder of a female passenger. The fatally is the second such incident this year after …

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Alibaba confirms it raised $3B for its newly consolidated local services business – TechCrunch

Alibaba confirms it raised $3B for its newly consolidated local services business – TechCrunch Alibaba has confirmed that it has raised $3 billion for its new-look local services business after it united its Koubei local services business with Ele.me, the on-demand delivery business it recently acquired. The company said it …

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SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international – TechCrunch

SoftBank’s Vision Fund to help Chinese online insurance giant ZhongAn go international – TechCrunch SoftBank’s Vision Fund is backing Chinese online insurance giant ZhongAn through its latest investment, which could take the company — which has struggled for stability following a monster IPO last year — into international markets. The …

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Global unicorn exits hit multi-year high in 2018 – TechCrunch

Global unicorn exits hit multi-year high in 2018 – TechCrunch Joanna Glasner Contributor More posts by this contributor Boston-area startups are on pace to overtake NYC venture totals Home run exits happen stealthily for biotech Unicorn exits are taking flight. With the IPO window wide open, an apparent record number …

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Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more – TechCrunch

Fast-growing Chinese media startup ByteDance is raising $2.5B-$3B more – TechCrunch Fast-growing Chinese media startup ByteDance is looking to raise as much as $3 billion to continue growth for its empire of mobile-based entertainment apps, which include news aggregator Toutiao and video platform Tiktok. The Beijing-based startup is in early-stage …

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India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch

India’s Uber rival Ola is headed Europe with ride-hailing launch in the UK – TechCrunch The UK is getting another alternative to Uber after India-based ride-hailing company Ola announced plans to expand to the country, which becomes its first market in Europe. Ola was founded in 2010 and it covers …

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China’s Didi pumps $1B into its rebranded driver services business – TechCrunch

China’s Didi pumps $1B into its rebranded driver services business – TechCrunch Didi Chuxing is going pedal to the metal for its automobile services business after it announced it will invest $1 billion into the division, which is also getting a rebrand. The Chinese ride-hailing firm had been tipped to spin out …

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