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Uber's smooth operator Dara Khosrowshahi has done something Travis Kalanick never could: turn a profit

The ride-hailing firm spent years burning through cash under its former CEO Travis Kalanick, but ha…

Hasan Chowdhury   


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Weilun Soon   


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Uber lost almost $6 billion in the first quarter as shares of Asian ride-hailing giants Didi and Grab tanked

Shares of China-based Didi and Singapore-based Grab have plunged since they were listed in the US l…

Huileng Tan   


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Weilun Soon   


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Uber's investment in Didi could help unlock 40% upside potential in the US ride hailing giant's stock, Bank of America says

"Based on 1.9 billion shares outstanding for Uber, we estimate that translates to an incremental ~$…

Matthew Fox   


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Didi's US shares plunge 25% after China cracks down on ride-hailing app, just days after $68 billion IPO

China on Sunday ordered app stores to remove Didi, the country's biggest ride-hailing app, only day…

Harry Robertson   


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6 mins read

Here's how much Uber, Softbank and Tencent can possibly gain from Didi’s IPO — the largest Chinese share sale since Alibaba

China’s ridesharing behemoth, Didi Chuxing, is finally ready to go public after years of speculatio…

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Uber stock slips as Chinese rival reportedly plans to enter the Western European market

Uber stock was weighed down by a report that Chinese rival Didi is looking to enter the ride-hailin…

Carla Mozée   


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China orders the removal of the Didi app from stores, accusing the ride-hailing company of illegally collecting personal data

App stores will remove the Didi app as the company seeks to rectify what the government described a…

Victoria Cavaliere   


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Chinese ride-hail giant Didi is reportedly eyeing a $70 billion valuation for its upcoming US IPO

Didi Chuxing, which roughly translates to "beep beep travel," is making its US debut in an especial…

Ethan Wu   


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Didi's IPO will not make investors any money and the business is just as unprofitable as Uber and Lyft, a veteran stock analyst says

Didi jumped as much as 28% to $18 a share when it began trading on the New York Stock Exchange Wedn…

Emily Graffeo   


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Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing - see the D1

The company has had a history of working with electric vehicles and catering to the ever-growing se…

Brittany Chang   


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Alibaba, Tencent and other Chinese techs slide in Hong Kong after Didi bows to pressure to delist in New York

Chinese techs in Hong Kong fell after ride-hailing giant Didi bowed to pressure to pull its US off…

Karen Friar   


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Didi climbs following report Beijing's city government is seeking control of the ride-hailing company

Municipal investment in the ride-hailing app would give state-run firms control of Didi.

Carla Mozée   


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A woman in Texas shot and killed an Uber driver because she falsely assumed he was kidnapping her and bringing her to Mexico, police say

Police said there was no evidence of an attempted kidnapping or that the Uber driver even veered fr…

Katie Balevic   


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Chinese ride-hailing company Didi became a retail favorite on its first day of trading

The stock was the top order from retail traders on Fidelity, beating Exela Technologies and AMC Ent…

Natasha Dailey   


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Didi soars 28% in largest IPO debut for a Chinese firm since Alibaba, valuing ride-hailing firm at $86 billion

Didi is the second largest ride-hailing company by market value, behind Uber but ahead of Lyft, bas…

Matthew Fox   


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Uber is looking at dispatching New York's yellow cabs from its app amid a driver shortage

Uber app users could see New York City's yellow cabs as another option alongside "UberX," which wou…

Zahra Tayeb   


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Didi has fallen a stunning 52% since its US IPO as China's crackdown pummels the ride-hail giant

Shares of US-listed Chinese companies are taking a beating as Beijing ramps up its security probe o…

Ethan Wu   


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Uber slides 4% on report SoftBank will shed a third of its stake in the ride-hailing app

China's recent crackdown on ride-hailing app Didi has reportedly cost SoftBank, its largest shareho…

Shalini Nagarajan