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The Latest Breaking News from Didi

Didi plans to invest over $200 million in Argentina, manager says

The company is seeking to expand its business in Latin America, where it ‌has a ⁠strong presence ⁠in Brazil and Mexico, but sees significant growth potential in Argentina, the region's third-largest economy.

The Economic Times

Tech Brief (March 25): Xiaomi Logs First Quarterly Profit Drop Since 2022

China’s daily AI token calls surpass 140 trillion, China Telecom cuts 2026 capital expenditure

Caixin Global

Uber Prices About To Spike In Certain Sydney Suburbs As Petrol Prices Soar

The price changes will reportedly be permanent, so bad news for Sydney's eastern suburbs and north shore residents.

Pedestrian.tv

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Relief for rideshare drivers amid fare price increases

A fuel relief program will give rideshare drivers some cash support, even as other rideshare giants start passing higher fares onto customers.

AAP

Rideshare drivers on notice over offensive behaviour

Many women are reporting unwanted conversation, being asked personal and sexual questions and staring by the driver in rideshare vehicles and taxis.

AAP

DiDi raises prices in Australia to cover soaring petrol costs amid conflict in the Middle East

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge more

The Guardian - AU

Tech Brief (Nov. 27): Li Auto Swings to Quarterly Loss on Slumping Deliveries

China sets 2027 targets to boost consumption, Didi’s net profit jumps 67%

Caixin Global

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Rideshare driver spared jail after dad, daughter killed

A father and his daughter died when their rideshare car was T-boned by oncoming traffic. The driver who turned without looking has copped community service.

AAP

Taxi, surge pricing or tow truck: the rundown on how Australians can get home this party season

Christmas revellers will face inflated taxi and rideshare fares – but there are alternatives

The Guardian - AU

DiDi’s New Tow Truck Feature Let’s You Book A Pick-Up For Your Car & Go Along For The Ride

DiDi has just rolled out a tow truck service in Melbourne that’s about to make your wild nights a whole lot wilder

Pedestrian.tv

Alleged killer of university student Paola Bañuelos described as 'violent and aggressive'

A vigil in her honor was called in Mexicali. The public has been invited to the Benito Juárez monument to pay respects

Latin Times

Accused killer of student who vanished after using Chinese ride-share app says he turned himself in 'out of fear'

Paola Bañuelos was last seen last week after getting into a DiDi car in the city of Mexicali, close to the U.S. border

Latin Times

NIO, XPEV, or LI: Which Chinese EV Stock Do Analysts Like Most?

There has been a divergence in the price action of NIO, Li Auto, and Xpeng Motors over the last month. Which of these Chinese EV stocks do analysts like the most?

Barchart

Didi: release date, trailer, cast, plot and everything we know about the Sean Wang movie

After breaking out at the 2024 Sundance Film Festival, Didi is heading for movie theaters everywhere this summer. Here's what you need to know.

WhatToWatch

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Barchart

Looking for the Next Tesla? Here Are the Top 2 EV Stock Contenders

While the analyst community has been quite generous in labeling several EV companies as the "next Tesla," most have failed to live up to the hype. However, I believe Xpeng Motors and Rivian are two strong contenders for the envied spot.

The Canberra Times

'Real mess': Rideshares refusing to drive guide dog users

Discriminating against guide dog users is a human rights violation.

Barchart

Forget VinFast: 2 EV Stocks to Consider Instead

VinFast stock has pulled back sharply off its peak, and more downside looks likely as the meme trade unwinds. Rivian and Xpeng Motors are 2 EV stocks that offer a much better risk-reward ratio for investors.

InsideEVs

XPeng Delivered 13,690 EVs In August 2023

XPeng continued to increase its electric vehicle deliveries in August, reaching the best monthly result so far this year.

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InsideEVs

XPeng Buys DiDi's Smart EV Project To Build $20,000 Electric Car

XPeng said it would launch a new brand as the deal will allow it to expand in the mass market segment of smart EVs priced at $20,000 (150,000 yuan) in China.

StockNews.com

3 Chinese Stocks Taking a Hit Amidst Regulatory Crackdowns in China

The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure on stocks. Hence, investors could consider avoiding fundamentally weak Chinese stocks The9 Limited (NCTY), Recon (RCON), and ZW Data (CNET), which are…

The Conversation

Ride-share companies are losing billions, so why their interest in unprofitable public transport?

Why do Uber, Lyft, Didi, OLA and other ride-sharing companies want to partner with public transport agencies? For Uber and Lyft, the reason is simple: their business plans were based on eventually using driverless vehicles to eliminate their main cost, the labour cost of the driver. But human drivers won’t…

Al Jazeera

China’s top tech dealmaker Bao Fan goes missing

The billionaire investment banker is unreachable, according to the investment bank he founded.

Caixin Global

Weekly Must-Read: China Wraps Up Two-Year Tech Crackdown

Central bank and banking regulator’s Guo Shuqing sends first signal that sector led by Alibaba, Tencent, Didi and Meituan may finally be off the hook

ABC News

Uber drivers with high cancellation rates threatened with deactivation, loss of incentives

Uber is threatening to boot drivers with high cancellation rates, with some topping 65 per cent, and from Monday those who knock-back more than a quarter of trips will no longer be eligible for incentives.

Benzinga

SoftBank Can't Catch A Break: Fund Invested $100M In FTX

Japanese conglomerate holding company SoftBank is positioned to take a big hit from its investments in bankrupt cryptocurrency exchange FTX. The FTX losses are just the latest in a long string of disastrous investments for SoftBank in recent years that have resulted in billions of dollars of losses.

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