NEWS COMMENTARY

Didi commits $1 billion to bike-sharing as part of expansion plan

Published:
April 29, 2020
Services:
CPG More...
Priorities:
Asset Management More...
Activities:
Investment
by Chad Goldberg
Very important

SoftBank and Legend Capital have reportedly contributed $150 million in outside funding to Didi's bike-sharing unit Qingju, an addition to the reported $850 million of internal funding from Didi itself. The move and amount are surprising considering the rocky history of bike-shares in China. However, the timing may be appropriate, as consolidations and bankruptcies have nearly normalized China's bike-share market to a point that may promote improved operations and competition. Additionally, in a time when commuters are wary of public transportation, Didi may view this as an opportunity to inject some cash in and reinvigorate an affordable mobility option that promotes social distancing, though Didi has not specify how funds will be used.

For the original news article, click here .


Further Reading

Autonomous vehicle developer Argo AI to go public

News Commentary | April 02, 2021

The company's CEO announced that Argo is "considering going public later this year or early next year." This news comes at the same time that other AV companies are also considering public listings. TuSimple has filed for an IPO, and Plus is reportedly pursuing a SPAC. It's not clear which path Argo... Not part of subscription

Rimac and Bugatti announce JV to manufacture electric supercars

News Commentary | July 12, 2021

After announcing its two hypercars, the Concept_One and the Concept_Two, known as Nevera, Croatian electric supercar startup Rimac Group has announced that it will form a new partnership with Bugatti. The deal makes Rimac Group the major shareholder with 55%, and the new venture will be known as ... Not part of subscription

Investment trends: Automated trucks

Analyst Insight | February 04, 2022

As we highlighted in our technology landscape, commercial trucking is a promising early implementation area of automated driving technology. This is because of the relative ease of operating on highways compared with urban areas, successful implementations in closed settings like warehouses, and the... Not part of subscription