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Daily Crunch: Toptal sues rival Andela for allegedly making ‘a perfect clone’ of its freelancer marketplace

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for June 11, 2021. As a small note I am off next week, so my dear friend and TechCrunch lifer Henry Pickavet will be taking over. He’s more fun and a better writer than I am, so consider him a temporary upgrade. See you in a week or so! — Alex p.s. Cheap tickets to TC Early Stage 2021: Marketing & Fundraising are nearly gone. Flagg...
Tags: Apple, Google, TC, London, Tech, Eu, Atlantic, Volkswagen, Alan, Alex, Temasek, Didi, Newsletters, Andela, Dan Preston, Ulrich Kranz


Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B

Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Didi is approaching the American public markets at a fortuitous moment. While the late-2020 IPO fervor, which sent offerings from DoorDash and others skyrocketing after their debuts, has cooled, valuations for public companies re...
Tags: Fundings & Exits, Startups, TC, Lyft, Uber, China, US, Tech, United States, Venture Capital, Carsharing, Unicorn, Doordash, Didi, GTV, EC News Analysis


Ride-hailing giant Didi wants to be more than just the Uber of China

Didi filed Thursday to list in New York in what many expect could be the largest initial public offering in the world this year.
Tags: New York, China, Didi


SoftBank, Uber, Tencent set to reap rewards from Didi IPO

After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing for the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus. Major shareholder SoftBank Vision ...
Tags: Transportation, Uber, Asia, China, Softbank, Funding, Tech, Automation, Transport, Tencent, Brazil, Robotics, Carsharing, Reuters, Robotaxi, Didi


Didi IPO prospectus sets stage for $65bn-plus listing

News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Tags: Financial Times, Didi


Chinese ride-hailing giant Didi files for US IPO

Didi, China's giant ride-hailing company, filed paperwork for an initial public offering in the United States with the Securities and Exchange Commission on Thursday.
Tags: US, Cnn, United States, Securities And Exchange Commission, Didi, Didi China


Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven't offered: profit

China's largest ride-hailing service, Didi Chuxing, officially filed for a U.S. initial public offering Thursday with an odd inclusion...
Tags: China, Didi, Didi Chuxing


Chinese ride-sharing giant Didi files to go public, earned a small profit last quarter on $6.4 billion in revenue

Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of this year.
Tags: Didi, Didi Chuxing


VOTD: Original ‘Rugrats’ Cast Reunites for a Table Read, Trivia, and Plain Old Promotion

Paramount+ has released their new computer animated reboot of the Rugrats, one of the classic Nicktoons that helped put Nickelodeon on the map. Though the updated series seems to lose the charm that the quirky, 2D animation brought to the original cartoon, at least the original cast is back to voice Tommy, Chuckie, Phil, Lil, Susie and Angelica as they get into all-new adventures without adult supervision. Watch the Rugrats cast reunion below, including a table read, trivia and more. Rugra...
Tags: Comedy, Television, Movies, Animation, Michael McKean, Lucy, Nickelodeon, Charlotte, Saul, Randy, Tommy, Chuckie, Didi, Tony Hale, Lil, Susie


VOTD: New ‘Rugrats’ Short Remakes a Classic Scene from the Original Series

The new computer animated reboot of Rugrats is coming to Paramount+ on May 27. Dubbed as a reimagining of the classic ’90s hit from Nickelodeon that helped define the unique style of Nicktoons, the series brings back Tommy, Chuckie, Phil, Lil, Susie and Angelica as they explore the world from their pint-sized and wildly imaginative point-of-view. But first, they’re doing some digging into the past for the sake of nostalgia. Paramount+ has released an animated short featuring the computer ani...
Tags: Television, Movies, Animation, Michael McKean, Paramount, Lucy, Nickelodeon, Charlotte, Saul, Randy, Tommy, Chuckie, Didi, Tony Hale, Susie, Angelica


China’s autonomous vehicle startups AutoX, Momenta and WeRide are coming to TC Sessions: Mobility 2021

As the autonomous vehicle industry in the United States marches toward consolidation, a funding spree continues to exhilarate China’s robotaxi industry. Momenta, Pony.ai, WeRide and Didi’s autonomous vehicle arm have all raised hundreds of millions of dollars over the past year. And 21-year-old search engine giant Baidu competes alongside the startups with a $1.5 billion fund launched in 2017 to help cars go driverless. Their strategies are similar in some regards and diverge elsewhere. The bigg...
Tags: TC, Elon Musk, Technology, China, Events, Linkedin, Tech, Automotive, United States, Automation, Gm, Reid Hoffman, Search Engine, Toyota, Self-driving Cars, Baidu


China’s e-commerce giant JD.com starts paying some staff in digital yuan

China’s plan to introduce its digital currency is getting a lot of help from its tech conglomerates. JD.com, a major Chinese online retailer that competes with Alibaba, said Monday that it has started paying some staff in digital yuan, the virtual version of the country’s physical currency. China has been busy experimenting with digital currency over the past few months. In October, Shenzhen, a southern city known for its progressive economic policies, doled out 10 million yuan worth of digital ...
Tags: Startups, TC, Asia, Finance, China, Alibaba, JD.com, Tencent, Bank, Huawei, Digital Currency, Yuan, Shenzhen, Meituan, Central Bank, Suzhou


Volvo to supply cars for Didi’s global autonomous driving fleets

As the autonomous driving race in China heats up, Didi is rushing to expand its car fleets by picking Swedish automaker Volvo, an old partner of Uber, as its ally. Didi said on Monday it will be using the XC90 SUVs of Volvo, which has been owned by Chinese auto company Geely since 2010, for its global network of robotaxis in the long term. Didi created a subsidiary dedicated to autonomous driving last year and the unit has since raised about $800 million from investors including SoftBank Vision ...
Tags: Transportation, Uber, Asia, California, China, Softbank, Tech, Artificial Intelligence, Automotive, United States, Automation, Self-driving Cars, Honda, Robotics, Huawei, Volvo


Volvo to supply Chinese ride hailing giant Didi with autonomous driving cars

As the autonomous driving race in China heats up, Didi is rushing to expand its car fleets by picking Swedish automaker Volvo, an old partner of Uber, as its ally. Didi said on Monday it will be using the XC90 SUVs of Volvo, which has been owned by Chinese auto company Geely since 2010, for its network of robotaxis in the long term. Didi created a subsidiary dedicated to autonomous driving last year and the unit has since raised about $800 million from investors including SoftBank Vision Fund an...
Tags: Transportation, Uber, Asia, California, China, Softbank, Tech, Artificial Intelligence, Automotive, United States, Automation, Self-driving Cars, Honda, Robotics, Huawei, Volvo


Volvo to Provide Cars for Didi's Self-Driving Test Fleet

By Nick CareyLONDON (Reuters) - Swedish carmaker Volvo Cars said on Monday it has signed an agreement to provide cars to the autonomous driving...
Tags: Volvo, Volvo Cars, Didi, Nick CareyLONDON Reuters


Tech in Mexico: A confluence of Latin America, the US and Asia

Kevin Xu Contributor Share on Twitter Kevin Xu is an early-stage investor and founder of Interconnected, a bilingual newsletter covering tech, business and U.S.-Asia relations. Mexico has been known as an up-and-coming tech hub and a gateway to the Latin American market. As an investor focused on developer-centered products, open-source startups and infrastructure technology companies with a particular interest in emerging mar...
Tags: Startups, Column, Asia, Mexico, Southeast Asia, Softbank, US, Tech, United States, Mexico City, Venture Capital, Tencent, Private Equity, Silicon Valley, Latin America, Guadalajara


DiDi Chuxing expands to South Africa, to take on Bolt and Uber

Chinese ride-hailing company, DiDi Chuxing has started operations in South Africa today according to Reuters. Founded in 2012, the Beijing based company operates in more than 400 cities in China. It claims to serve over 550 million users in 16 countries across Asia, Europe, Latin America, and Australia. This South African expansion (first launch in Cape Town) marks its first presence in Africa and 17th active country. Here’s an excerpt from the company’s website announcing the launch. “DiDi So...
Tags: TC, UK, Australia, China, Russia, Softbank, Africa, Tech, Bloomberg, Beijing, South Africa, Tencent, Cape Town, South America, Johannesburg, Didi


Chinese ride-hailing giant Didi eyes US IPO at $100 billion valuation, report says

Didi Chuxing's D1 electric ride-hailing vehicle. Didi Chuxing Didi Chuxing is eyeing the US for its initial public offering, targeting a $100 billion valuation, according to Reuters. The company considered listing via a SPAC, Reuters reported. Sources cited tighter regulatory scrutiny concerns in Hong Kong over the company's business operations. Sign up here for our daily newsletter, 10 Things Before the Opening Bell China's top ride-hailing company Didi Chuxing is eyeing the U...
Tags: Hong Kong, New York, China, Ipo, US Ipo, US, Trends, Markets, Bloomberg, Beijing, Shanghai, Alibaba Group, Stock Market, Valuation, Gig Economy, Reuters


Exclusive: China's Didi Leans Towards New York for IPO, Eyes Valuation of at Least $100 Billion - Sources

By Julie Zhu and Kane WuHONG KONG (Reuters) - China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its...
Tags: Hong Kong, New York, China, Reuters China, Didi, Didi Chuxing, Julie Zhu, Kane WuHONG


China's Didi Chuxing is eyeing a mega-IPO next quarter that values the ride-hailing service above $62 billion, report says

Didi Chuxing's D1 at the launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images China's Didi Chuxing is speeding up plans for its market debut and targeting a valuation above $62 billion.The ride-hailing firm is targeting the summer of 2021 for its IPO, rather than the latter part of the year, Bloomberg said.Japanese conglomerate SoftBank is Didi's single largest existing investor.Sign up here for our daily newsletter, 10 Things Before the Opening...
Tags: Hong Kong, Japan, China, Ipo, Germany, Softbank, Trends, Bloomberg, Beijing, Didi, UK France, VCG, Didi Chuxing, Getty Images China, Shalini Nagarajan, Xin Yue Huanqiu


Uber stock slips as Chinese rival reportedly plans to enter the Western European market

Nisian Hughes/Getty Images Uber shares fell Wednesday with a report that rival Didi is preparing to operate in Europe. Didi is considering ride-hailing services in the UK, France and Germany, The Wall Street Journal reported.   Didi is making expansion plans ahead of a possible IPO for the Beijing-based company.   Visit the Business section of Insider for more stories. Uber shares pulled back as much as 4% on Wednesday following a report that Didi Chuxing Technology Co., a China-based riv...
Tags: Uber, China, Ipo, Germany, Trends, Markets, Bloomberg, Beijing, Wall Street Journal, Western Europe, Didi, UK France, Carla Mozee, Didi Chuxing, Ride Share, Didi Chuxing Technology Co


Grab announces program to help increase COVID-19 vaccinations in Southeast Asia

Grab, the Southeast Asian ride-hailing and on-demand delivery giant, announced a program to increase access to COVID-19 vaccinations today. Its goal is to have all of its employees, as well as driver and delivery partners, vaccinated by 2022 (excluding people who are medically unable to receive shots). Grab also said it will work with governments to provide information about vaccines through its app, and is in discussions to provide last-mile vaccine distribution, and transportation to and from ...
Tags: TC, Asia, Microsoft, China, Southeast Asia, Tech, United States, Vietnam, Southeast Asian, Didi, Didi Chuxing, Grab, Russell Cohen, COVID-19, Covid-19 Vaccine, Russell Cohen Grab


Didi to subsidize trips for vaccinations with $10M global fund

As countries around the world prepare to vaccinate people against the coronavirus, tech companies are rushing to demonstrate their willingness to help fight the deadly virus. China’s ride-hailing leader Didi Chuxing is pledging a $10 million fund to support COVID-19 vaccination efforts in 13 markets outside its home country China, the company said on Friday. The multi-purpose fund will be used to reduce fees for passengers going to vaccination appointments and frontline healthcare workers travel...
Tags: TC, Transportation, Asia, China, Russia, Softbank, Tech, New Zealand, Ride Hailing, Didi, Uber China, Didi Chuxing, Asia Pacific Latin America, Jean Liu, Coronavirus, COVID-19


Comment on coconut brown butter cookies by Didi

In reply to deb. I made these with the shredded unsweetened coconut because I had a bunch I needed to use, and checked about that per Deb’s note here, but they were just puffy and dry. Not at all chewy. Followed recipe exactly except instead of the chips I put in shredded coconut. So not sure that’s a viable substitution or if something else went wrong.
Tags: Food, Deb, Didi


China’s search giant Baidu to set up an EV making venture

China’s search giant Baidu is extending its car ambitions from mere software to production. The company said Monday that it will set up a company to produce electric vehicles with the help of Chinese automaker Geely. Baidu, a dominant player in China’s internet search market for the last decade or so, will provide smart driving technologies while Geely, which has an impending merger with Sweden’s Volvo, will be in charge of car design and manufacturing. The move marks the latest company in Ch...
Tags: Auto, TC, Asia, Sweden, China, Tech, Tesla, Automotive, Alibaba, Baidu, Volvo, Geely, Didi, SAIC Motor, NIO, BYD


Equity Monday: Unionization at Alphabet, Tesla’s delivery achievement, and CRED raises $81M

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out the second of our two holiday eps, the most recent looking ...
Tags: Apple, Fundings & Exits, Startups, TC, Disco, Tech, Tesla, Bitcoin, Didi, Equity podcast, Cred, Alphabet Tesla


Our 2020: it’s been a year to remember

Finding the good stuff to celebrate in 2020 might seem a tough challenge – like 2020 itself. It’s been a difficult year for our entire industry, and beyond. It’s been one of the most – if not the most – challenging years we’ve ever faced as a business. But there’s also a whole lot to be thankful for. The way our team has rallied together to help each other, our clients, and the wider industry cope with the fallout that Covid-19 has brought upon us has been outstanding. In most markets, we’ve bou...
Tags: Google, Amazon, UK, Milan, London, Bono, France, Saudi Arabia, China, Germany, Singapore, US, Social Media, Seo, Spain, Munich


China watches and learns from the US in AR/VR competition

When Chi Xu left Magic Leap and returned to China, he had big ambitions. He believed China would have its own augmented and virtual reality giants, just as how the domestic smartphone industry birthed global leaders like Huawei, Oppo and Xiaomi that rival Apple today. Xu, now chief executive of Nreal, one of China’s highest-funded AR startups, is among a group of entrepreneurs uniquely positioned to build world-class hardware. The young generation is well-versed in both worlds, with work e...
Tags: Apple, Startups, Facebook, Asia, China, US, Beijing, Xiaomi, Silicon Valley, Magic Leap, Pico, San Jose California, Zhao, Didi, Microsoft Apple, Xu


Chinese Uber competitor DiDi unveiled a futuristic EV made specifically for ride-sharing - see the D1

Didi Chuxing's D1 at the launch event in Beijing on November 16, 2020. Xin Yue/Huanqiu.com/VCG via Getty Images DiDi Chuxing has unveiled a custom electric sedan built specifically for ride-shares: the D1. The D1 was built in partnership with electric vehicle maker BYD. The electric vehicle has features like a smart steering wheel, several touchscreens, and artificial intelligence systems. The D1s will be used by drivers across cities in China over the next several months — starting th...
Tags: Transportation, Electric Vehicle, Lyft, Uber, China, Trends, Beijing, Canada, Bp, Vancouver, Ride-sharing, Reuters, Liu, Reuters Passengers, Didi, Changsha China


Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion

The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh off a Wall Street Journal report two weeks ago that Manbang was seeking $1 billion ahead of an initial public offering next year. The company declined to comment on the matter, though its CEO Zhang Hui said in May 2019 that the firm ...
Tags: Google, TC, Transportation, Asia, China, Softbank, Funding, Tech, Alibaba, Fidelity, Wall Street Journal, Permira, Zhang, Alphabet Inc, Didi, SoftBank Group