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 12 months ago
Google Campus
By Sylvia Delisle On Tuesday, June 7th, 2016
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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
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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
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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
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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
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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...

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