Chinese Ride Hailing Service Didi Chuxing Receives $600 Million In Funding

Didi Chuxing

The new funding values the company at $25 billion. China’s largest car-hailing mobile app, Didi Chuxing Technology Co., announced a $600 million investment from China Life Insurance Co., the country’s leading insurer on Monday, bolstering its resources to finance its battle against American-owned Uber Technologies Inc. According to Didi, the deal More...

by Sylvia Delisle | Published 8 years ago
Google Campus
By Sylvia Delisle On Tuesday, June 7th, 2016

Google In Row Against Adwords Advertisers

Google argued that the case should not be pursued as a class action lawsuit. The U.S. Supreme Court has rejected Google Inc’s (NASDAQ:GOOGL) appeal on Monday to discontinue a class action suit against the company More...

Uber Saudi Arabia
By Sylvia Delisle On Thursday, June 2nd, 2016

Uber Receives $3.5 Billion From Saudi Sovereign Public Investment Fund

The investment will allow the company to expand in the Middle East, North Africa and China. Uber, on Wednesday, said it had raised $3.5bn in funding from Saudi Arabia’s Sovereign Public Investment Fund. The More...

Subsea Cable
By Sylvia Delisle On Saturday, May 28th, 2016

Microsoft and Facebook To Lay Trans-Atlantic Sub-Sea Data Cable

The Subsea Cable will link the US to Spain with 160 Tbps capability. Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB), in partnership with Spain’s Telefónica telecommunications infrastructure subsidiary Telxius, More...

Tesla Model 3 Render
By Sylvia Delisle On Thursday, March 31st, 2016

Tesla Motors (NASDAQ:TSLA) To Unveil Model 3 On Thursday

Render of the speculated Model 3 design. On Thursday night, Elon Musk and his team at Tesla (NASDAQ:TSLA) are expected to reveal their latest electric car, the Model 3 at their Hollywood-style presentation on the More...

Google Drone
By Sylvia Delisle On Tuesday, November 3rd, 2015

Google Plans To Launch Drone Deliveries By 2017

Pictures of Google’s delivery drone from test flights in Australia. Alphabet’s secretive tech lab Google X has announced it hopes to launch a delivery drone service within the next two years. At a Washington More...