China’s top taxi-booking company raises $2B

China’s Didi Kuaidi, the company behind the country’s two dominant taxi-booking apps, has raised $2 billion is its latest round of funding. Reports surfaced a month ago that the company, backed by Alibaba and Tencent, was looking to raise $1.5 …

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Microsoft sells part of mapping business to Uber

Microsoft is selling mapping assets to Uber while AOL will assume responsibility for its display, mobile and video advertising inventory in nine markets. Uber confirmed a deal that will see it acquire part of the mapping business that deals with …

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Didi Kuaidi to raise $1.5B to fend off Uber in China

The taxi-hailing apps backed by Alibaba and Tencent are looking to raise $1.5 billion to fend off an aggressive move by Uber to invest CNY7 billion ($1.1 billion) in China this year and expand operations from 11 cities to more …

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Uber seeks $1B credit line from banks — report

Uber is in talks with several banks about a $1 billion credit line with six to seven banks expected to be part of the facility, the Wall Street Journal has reported, a move which may be a step towards launching …

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Learning lessons from Airbnb, GitHub, Xiaomi, Uber and Waze

LIVE FROM WEDO WORLDWIDE USER GROUP 2015: There are four ways in which large, established companies can learn from what have been termed “exponential organisations”, which use new organisational approaches and technology to have a disproportionate – and disruptive – …

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German car consortium adds private equity clout in battle to acquire Nokia’s HERE

The battle to acquire HERE, Nokia’s digital mapping business, continues to hot up after the three leading German car manufacturers involved in the bidding process teamed up with private equity firm General Atlantic to raise the consortium’s hopes of clinching …

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Uber may partner with Baidu to buy Nokia’s HERE as bidder interest grows

Following news that Uber bid as much as $3 billion to acquire Nokia’s mapping unit HERE, it is now being reported that the taxi hailing app maker is partnering with China’s internet search and maps provider Baidu, and private equity …

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German carmakers may need help in race for HERE – report

Car manufacturers Audi, BMW and Daimler, which reportedly clubbed together to make an indicative bid for HERE, Nokia’s digital mapping business, may need outside financial help if they are to fend off deep-pocketed competition. According to Reuters, “some investment bankers” said …

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Uber bids as much as $3B for Nokia’s mapping business – report

Uber has submitted a bid of up to $3 billion for HERE, Nokia’s mapping business, according to the New York Times (NYT), in competition with a host of other companies interested in acquiring the business. These include Facebook, Apple, Samsung, …

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