Two of Asia’s largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S. Didi Chuxing filed confidentially for a U.S. IPO that would value it at $ 70 billion to $ 100 billion, Bloomberg News reported Friday. Didi, the largest ride-hailing business in China, …
Read More »Uber bets on delivery with $2.65 billion acquisition of Postmates as ride-hailing stalls
In the race to gain a competitive edge in the burgeoning food-delivery business, the major players are carving up the U.S. map. Uber Technology Inc.’s UBER, +5.99% intention to acquire privately held Postmates Inc. for $ 2.65 billion after its failed bid for Grubhub Inc. GRUB, +4.42% is a case …
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