Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Didi Dache, Kuaidi Dache to Form Equity Partnership

BiaNews, 7/09/13

Beijing-based Xiaoju Technology and Hangzhou-based Kuaizhi Technology, developers of mobile taxi-booking apps Didi Dache and Kuaidi Dache, respectively, are currently negotiating the formation of an equity partnership, according to recent media reports.

An industry source has confirmed that Xiaoju Technology has landed a new round of approximately USD 10 mln in funding from Chinese internet and mobile services firm Tencent (0700.HK). Kuaizhi Technology also recently received an investment from e-commerce conglomerate Alibaba Group.

Editor's Note: For more background on this topic, please see "Rumor: Alibaba's Kuaidi Dache Investment Totals USD 4 Mln" MD 6/27/13 issue and "Taxi Booking App Developer: No Investment from Tencent" MD 3/21/13 issue.

Keywords: Kuaizhi M&A investment wireless Didi Dache Xiaoju Kuaidi Dache taxi booking app


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports