Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services Didi Chuxing announced that it has received from Toyota Motor Corporation new investment totaling $600 million. As part of the deal, the two companies will also set up a joint venture with GAC Toyota Motor to provide vehicle-related services to drivers on Didi’s ridesharing platform.
ofo Will Complete the E2-2 Round of Financing with Alibaba and Didi Jointly Investing Ofo will complete the e2-2 round of financing, raising hundreds of millions of dollars. This round of financing is led by Ant Financial investment with Didi following. Ofo officials declined to comment, while Didi and Alibaba also declined to respond.
Didi’s Founder Wei Cheng Established Didi Equity Investment Company Didi founder Wei Cheng recently set up Didi (Xiamen) Equity Investment Co., LTD, of which Cheng’s maintenance shares is 80 percent. Meanwhile, Xiaoju Technology, the controlling shareholder of Didi, also established Didi (xiamen) Equity Investment Fund Management co., LTD., mainly engaged in equity investment fund management and related consulting services.
Didi’s Business Grew by 70% Annually, Vehicle-Related Business is A New Growth Point While the bike and food-delivery business is still being explored, Didi maintained an overall growth of more than 70 percent in the first half of the year through the development momentum in diversified sectors such as automobiles and finance.
Didi is About to Enter Mexico City and Will Officially Launch Operation in October Didi began recruiting drivers in Mexico City, the capital of Mexico, on August 20 and is said to be about to officially start operations in October. Didi currently has more than 1,000 local employees in Brazil and Mexico.
The Negotiation about ofo’s Acquisition is Near Its End Negotiation about ofo’s acquisition is drawing to a close. The acquisition is said to be dominantly completed by Didi. Furthermore, Didi is said to deliberately replace ofo’s yellow bikes that are previously on the market with Didi’s own brand, Qingju. Although the acquisition was officially denied by ofo, the logistics companies working with Didi and ofo had been aware of the acquisition and were preparing secretly.