Ride sharing

Uber brings back Siri and Maps integration [u]

Uber for iPhone was updated on App Store yesterday and it brings back seamless integration with Apple Maps and the ability to hail a ride using the Siri smart assistant, the two features that were removed without explanation from the previous update issued in January.

Chinese ride-hailing service Didi to receive $5B in funding for automated driving expansion

Chinese ride-hailing giant Didi Chuxing is near an agreement to raise $5 billion to $6 billion for automated driving expansion, Bloomberg reported Wednesday. The financing round will lift Didi’s valuation to a cool $50 billion, up from a previous $34 billion after its acquisition of Uber’s China business. It would make the Beijing-based company the country's top startup by market valuation, even surpassing handset maker Xiaomi, and the most valuable startup in the world after Uber.

NYT: Lyft unsuccessfully attempts to sell itself to Apple, Google, Uber and others

Despite not being in danger of closing down thanks to its cash cushion of $1.4 billion, the popular ride-sharing service Lyft has in recent months attempted to sell itself to Apple and a few other Silicon Valley giants like Google, Amazon and Uber, The New York Times reported yesterday. None of the mentioned companies commented on the story.

The nation's second-largest ride-hailing firm also attempted a sale to China's leading ride-sharing service, Didi Chuxing, into which Apple invested $1 billion, and to General Motors, one of its largest investors that refused to make a written offer to buy it.

Apple-backed Didi Chuxing buys rival Uber China

Now we (probably) know why Apple poured a cool $1 billion into China's leading ride-sharing service Didi Chuxing as that company's just invested—you guessed right—$1 billion into its biggest rival, Uber China. The transaction, subject to closing conditions, will also give a 20 percent stake in the combined firm for Uber and its shareholders, said Bloomberg.