On top of tapping into international markets, Didi is also actively promoting the application of new-energy vehicles. It has formed a joint venture with the Global Energy Interconnection Development and Cooperation Organization earlier this year to roll out charging networks for electric vehicles, or EVs. According to the International Energy Agency, also known as IEA, more than , EVs were sold worldwide last year, compared to , sold in China has surpassed the US to be the largest carrier of electric vehicles, accounting for 40 percent of the EVs sold in the world, twice as big as the US.
Apart from EVs, Didi is ratcheting up resources into artificial intelligence, as self-driving vehicles are widely seen as the next frontier of innovation. In November, the company announced the opening of its main US research facility in Mountain View, California, to facilitate the growth and expansion of its Bay Area-based team.
The new campus is located in the heart of Mountain View on National Avenue, with offices covering 36, square feet and capacity for more than employees.
Didi Chuxing speeding ahead
This is part of the Didi Labs, a laboratory unveiled in March this year. Our talented team is growing fast and making important contributions across our key tech areas, from smart-city transportation management, AI ride-matching, to security and new product innovation. Having hands in an array of transportation services, including taxi, premier cars, mini bus, car rental, hitch and investments in bike-sharing, Didi's latest push in self-driving cars highlights once again its ambitions of building a one-stop platform to meet people's various demands.
Didi hopes to play an important part in promoting such integration so as to make cities better," Cheng added. But when it comes to Didi Chuxing, the country's largest ride-hailing platform, its rapid ascent has still amazed many people. Top 10 richest Chinese women in World leading internet sci-tech achievements released in Wuzhen. Major topics at 4th World Internet Conference. According to data released by the Gurgaon-based company last month, Oyo Jiudian is present in cities across China, operating more than 5, hotels and , rooms. It runs a mix of franchised and leased properties there.
Other existing investors in the company such as Sequoia Capital and Lightspeed Venture Partners are also backing Oyo China significantly.
Oyo China's cap table will mirror its India shareholding pattern with SoftBank being the lead investor. Earlier this month, Oyo reported a more than three-fold jump in revenue for its India operations during the financial year. The company earned revenue of Rs crore, up from Rs crore in the year-ago period, attributing the rise in top line to a combination of increase in transactional and franchise fees it earns from merchants. It registered a marginal rise in net loss to Rs crore from Rs crore it had reported in FY The company has projected a revenue of almost Rs 1, crore for the current financial year.
Read more on OYO. Didi Chuxing. Follow us on. Download et app. Become a member. Written in , this novel looks back to Delhi in the s, drawing a vivid picture of Muslims living in old Delhi during that era.
This investment brings to a close Oyo’s $1 billion financing round, valuing it at $5 billion.
Impoverished girl Roop is pleased to learn she is to become the second wife of a wealthy Sikh landowner and hopes she can become friends with his older wife, Satya. Their relationship turns out to be far more complex than she had thought. An insightful look at modern day India, this historical book gives a lucid account of how the largest democracy in the world continues to thrive.
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Amma, Didi, Behenji: India’s female kingmakers
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