Didi Chuxing

It's very hard to find many success stories involving U.S. tech companies finding success in China. Alphabet Inc (NASDAQ: GOOG) and Google closed its search engine and left the country in 2010, Apple Inc. (NASDAQ: AAPL) is getting killed, and Facebook Inc (NASDAQ: FB) hasn't been given...

The ramifications of Uber's agreement to sell its Chinese business to rival Didi Chuxing could change the entire landscape of the "sharing economy." That is, if the deal ends up happening in the first place. According to Reuters, China's commerce ministry (Mofcom), could stand in the way of Uber's...

On the surface, the deal will not mean much to most U.S. investors because it involves a private company and a Chinese firm, but Uber's Chinese business is merging with Didi Chuxing, often referred to as the Uber of China, in a deal valued at $35 billion. “The new entity combines Didi...

Uber was said to have been operating in China while racking in more than $1 billion in losses a year. On Monday, the company struck an agreement with China's equivalent to Uber, Didi Chuxing to sell its Chinese operation. According to Bloomberg's Shira Ovide, Uber's move to shed its...

Didi Chuxing, China's state operated taxi hailing service and rival to Uber, announced on Monday a move which effectively ends the rivalry between the two competing firms. The agreement was speculated by various media sources earlier in the day but Fortune's Erin Griffith tweeted what...

Uber, the popular car-ride sharing app, and OPEC, the organization of 13 of the largest oil producing nations in the planet, share a common link: Saudi Arabia. Saudi Arabia is the largest OPEC member and can now count itself as a partial owner of Uber. According to Bloomberg, Saudi Arabia's...

The $1 billion investment from Apple Inc. (NASDAQ: AAPL) in Chinese ride-sharing firm Didi Chuxing could be the start of a new innings for the iPhone maker in a market where potential is "huge." "We clicked quickly with Apple," Jean Liu, Didi Chuxing president, told CNBC. "[B]oth companies share...

Was Apple Inc. (NASDAQ: AAPL) $1 billion investment in China-based Didi Chuxing a "bribe?" This was a question CNBC posed Cyrus Mewawalla, head of TMT thematic research at CM Research. Apple invested $1 billion in Didi Chuxing at perhaps a convenient time as China's regulators are...

Apple Inc. (NASDAQ: AAPL)'s CEO Tim Cook's visit to China is underway, and early reports are giving a glimpse of what he is doing in the country and who he is meeting with. According to CNBC's Eunice Yoon, Cook visited one of Apple's largest stores in Beijing and was accompanied with Didi Chuxing...

China-based Didi Chuxing is eyeing an IPO for 2018, according to Reuters. Didi Chuxing is Uber Technologies' main competitor in China and offers a similar service. The company, formally known as Didi Kuaidi was formed lasted year following the merger of two companies separately backed by Alibaba...

GGV Capital is an investment firm that has backed Didi Chuxing in the past. As of Friday, the car hailing service can also count Apple Inc. (NASDAQ: AAPL) as a financial backer and investor as well. Speaking as a guest on CNBC's "Squawk Alley," GGV Capital's managing partner Hans Tung suggested...

Apple Inc. (NASDAQ: AAPL)'s CEO Tim Cook recently said during the company's post-earnings conference call that the Chinese economy may be in better shape than how people perceive it to be. "I see China as may not have the wind at our backs that we once did but it's a lot more...

It wasn't supposed to play out this way. Wall Street analysts were once calling for Apple Inc. (NASDAQ: AAPL)'s valuation to top $1 trillion. As of Thursday's market close, shares of Apple need to nearly double to reach this lofty valuation. Is Apple In Trouble? According to CNBC's Phil Han, Apple...

Apple Inc. (NASDAQ: AAPL) has invested $1 billion in Chinese ride-hailing service Didi Chuxing, dealing a severe blow to Uber's expansion efforts in the country. The investment from Apple, which joins Tencent Holdings Ltd (OTC: TCTZF) and Alibaba Group Holding Ltd (NYSE: BABA) in investing...