Didi Chuxing

Chinese ride-sharing firm Didi Chuxing said on Dec. 21 that it had raised $4 billion from investors, months after a funding round that made it Asia’s most valuable startup, as it presses on with a global battle with U.S. giant Uber.

Ride-hailing app Uber said on Dec. 4 it was joining a global public transport association to improve mobility in the cities it operates in.

Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.

China's technology conglomerate, Alibaba Group Holding, will increase more than twice its research and development spending (up to USD 15 billion) over the next three years to develop the next generation of technology, boost its growing business and explore ambitious projects, which could change the industries. This is reported by Bloomberg agency quoted by Investor.bg.

Controversial app-based taxi-hailing firm Uber plans to invest $1 billion in India over the next nine months, the company's local head said in a statement emailed to AFP on July 31.

Smartphone technology company Uber is set to go intercontinental by carrying passengers back and forth across Istanbul's central Bosporus strait via water-taxis. 

The service, called UberBOAT, will appear on the smartphone app when a user stands near the coastline of the city's famous waterway.