To learn how to conquer Uber, the Chinese firm is going straight to the source. It is poaching Uber employees for its Mexico management team.
Mexico City, with its traffic-choked streets and poor air quality, has proved a prime target for tech companies aiming to remake transportation.
The expansion underscores Didi’s growing interest in Mexico and, more broadly, Latin America, a market where Uber Technologies Inc doubled down after Didi drove it out of China.
Didi has spoken before of global ambitions, but has not formally announced where or when it would expand. The Chinese company is the second-most highly valued, venture-backed private firm in the world, after Uber Technologies Inc.
Uber’s self-driving truck effort is weighed down by a high-stakes lawsuit.
Company to buy Boston Dynamics and Tokyo-based Schaft from Alphabet
A total of 34 AI startups were acquired in the first quarter
Alphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business.
Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. The service will be offered at $9.99 per month, in line with major rivals, and it… Read more »
The moves show Apple responding to a key shortcoming of electric vehicles: “filling up” the batteries. A shortage of public charging stations, and the hours wasted in charging a car, could be an opportunity for Apple, whose simple designs have transformed consumer electronics.