GGV, which has backed companies like Alibaba, ByteDance, Xiaomi, and Didi, splits into Asia and US units; in July, the US asked about GGV's holdings in China
Move follows similar decision by rival Sequoia Capital and Biden order to limit American investment in Chinese tech
Filing: Didi plans to sell its smart car development arm to Xpeng, one of China's largest EV makers, for ~$744M in Xpeng stock, or a ~3.25% stake
- EV makers buys Didi smart-car unit in $744 million stock deal — Didi, Xpeng to launch mass-market EV brand in new partnership
Didi shareholders vote to delist from the NYSE, clearing the way for the company to work with Chinese regulators and prepare for a Hong Kong IPO
Coco Liu / Bloomberg :
Sources: Didi begins informal talks with the Hong Kong stock exchange about a public listing, as it courts state-backed groups to placate the Chinese government
Financial Times :
Sources: SoftBank is preparing to sell about one-third of its stake in Uber, or 45M shares, to cover its Didi losses; SoftBank has lost ~$4B on Didi
Sources: Didi is considering going private in order to placate Chinese authorities and compensate investors for losses using money made during its IPO
Ride-hailing giant has been contemplating delisting plan as crackdown widens and has obtained support from cybersecurity watchdog
Toyota invests $600M in Didi Chuxing and as part of the deal, the two companies will set up a joint venture for vehicle-related services for Didi drivers
Didi Chuxing announced today that it has received new investment totaling $600 million from Toyota Motor Corporation.
Inside Uber's deal with Saudi Arabia, from David Plouffe's first meetings with local officials to the 10%+ stake that, sources say, the kingdom now owns
Even as Uber's lawyers finalized the details of the deal, they still couldn't quite believe it would really happen. Tweets: @natashakhanhk , @khanoisseur , @markmilian , and @dignitydriver Tweets: Nat...
Reports: China's Didi is in talks to buy Brazil's ride-hailing service 99 in deal that values it at $1B
A year ago, Didi made a big move into Brazil when it laid down over $100 million to take a stake in 99, a local competitor to Uber in the app-based ride hailing market.
Sources: SoftBank, Didi, Dragoneer, General Atlantic in exclusive talks with Uber, may buy up $12B in stock in two-part deal that hinges on Benchmark dispute
SoftBank, Didi, General Atlantic and Dragoneer discuss funding — Investors could spend as much as $12 billion in the deal