Dida eyes road back to revenue growth under Tongcheng umbrella
A majority of the struggling ride-sharing company’s shareholders have agreed to sell their stock to one of China’s leading online travel agents Key Takeaways: Nearly 52% of Dida’s shareholders have…
China’s robotaxi race hits a safety pause
Baidu’s Wuhan outage, Hello’s Zhuzhou injury accident and a reported pause on new permits suggest China’s autonomous taxi drive is shifting focus to safety Key Takeaways: China’s robotaxi story is…
Lingxing drives into congested Hong Kong ride-hailing IPO lane
The state-backed mobility platform has national scale and a rare profit, but its razor-thin margins and heavy reliance on aggregators could scare off some investors Key Takeaways: Lingxing Technology has…
BRIEF: WeRide pares loss on accelerating global expansion
Robotaxi operator WeRide Inc. (0800.HK; WRD.US) reported on Monday that its revenue rose 89.6% last year to 685 million yuan ($99 million), while its net loss narrowed 34.2% to 1.66…
EnjoyGo shifts gears to driverless future on road to IPO
The mobility arm of auto giant SAIC is making a Hong Kong listing to raise funds for development of self-driving car services, among other purposes Key Takeaways: EasyGo, the mobility…
BRIEF: Uber plans investments in Hong Kong IPOs by Pony AI, WeRide
Uber Technologies (UBER.US) plans to invest in upcoming Hong Kong IPOs by Pony AI Inc. (PONY.US) and WeRide Inc. (WRD.US), two of China’s leading robotaxi operators, Bloomberg reported on Tuesday.…
BRIEF: WeRide launches Hong Kong IPO to raise $400 million
Robotaxi operator WeRide Inc. (0800.HK, WRD.US) launched its Hong Kong IPO Tuesday, aiming to sell 88.25 million shares, with just 5% allotted for local investors in Hong Kong. The shares…
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