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CHINA-MOBILE-INTERNET-TELECOMMUNICATION-TRANSPORT-MERGER

Venture Capital Investment in China Surged Amidst Global Slowdown

Investments in Chinese tech companies had a 50% surge in the first quarter of 2016. Nevertheless, many of the investments were spent in the big startups.

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A taxi driver is using Didi Dacha App

Competition Heats Up In China Between Uber And Didi Which Raised Funding Target to Over $1.5 Billion

Didi's target for funding has raised to $1.5 billion to compete with Uber in China. Didi operates in 400 cities and is expected to accelerate to about 10 million at the end of the year.

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A taxi driver is using Didi Dacha App while driving on the...

China Will Regulate Ride Hailing Services while Indonesia Plan to Ban Them

China will try to draw up rules to regulate ride hailing service as the market has grown very big. Meanwhile Indonesia transportation minister plan to ban Uber and GrabTaxi.

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Headquarters Of Photo And Video Sharing Application Snapchat

Snapchat Raised a New Funding Round, But Valuation Remain Unchanged

Fidelity Investments lead a $175 million investment in Series F funding for Snapchat. However, it does not change Snapchat valuation at $16 billion.

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Uber Taxi App In Madrid

Uber Spends and Losses Big on International Expansion, Challenged by Regulations and Rivalry

An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.

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CHINA-ECONOMY-TRANSPORT-TAXI-DIDI KUAIDI

Alibaba, Tencent Holdings to Fund Didi Kuaidi $1 Billion

Did Kuaidi, the largest ride-hailing service in China is about to raise $1 billion the same amount that Uber spent last year for its expansion. It is going to be a tough competition for both companies since they are being backed up by other large companies such as Alibaba and Tencent Holdings Inc.

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A taxi driver is using Didi Dacha App while driving on the...

Didi Kuadi Allows Third Party Apps To Access Its Service

Didi Kuaidi ride sharing service announced that it allows third party apps to access its ride-hailing service. Previously, the Chinese ridehailing company published that it has achieved more than one billion rides.

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Uber

Uber-like startup, Yidao Yongche receives $700M of investment

China uber-like startup, Yidao Yongche announced that the company will be receiving a huge investment from a Beijing-based company, LeTV. According to Yidao Yongche's statement, the three-year-old company is receiving investment worth $700 million by LeTv for 70 percent stake in the ride-hailing app company.

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Uber

China's Didi Kuaidi ups stakes in taxi apps war

China's dominant taxi-hailing firm Didi Kuaidi will spend 1 billion yuan ($161.39 million) on promotions, the company said on Friday, in an aggressive expansion that will help lure in riders and fend of rivals like U.S. firm Uber Technologies Inc.

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