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In the human cloud – Didi Chuxing lands $4 billion funding round, Daimler acquires Paris-based ride sharing firm, Uber names COO

December 21, 2017

Two deals were announced today in the human cloud, ride-sharing space. Didi Chuxing, a China-based human cloud firm that connects drivers with passengers, announced it received more than $4 billion in a new funding round. Separately, Daimler, the company behind Mercedes-Benz cars, acquired a majority stake in Chauffeur Privé, a human cloud, ride-sharing firm based in Paris. Uber also announced the hiring of a chief operating officer.

Didi Chuxing reported its investment will go toward the support of artificial intelligence, international expansion and new business initiatives. Investors in the funding round include Japan’s Softbank and a state fund from Abu Dhabi, The New York Times reported. The deal increases Didi Chuxing’s valuation to $56 billion.

Daimler did not announce the cost of acquiring the majority stake in Chauffeur Privé. However, the human cloud firm was founded in 2011 and has more than 1.5 million customers and 18,000 drivers. It operates in three French markets: Paris, Lyon and the Côte d’Azur.

Uber announced the hiring of former Orbitz chief Barney Harford as its chief operating officer, the Los Angeles Times reported. Harford has been serving as an advisor at Uber for the past few months. Yesterday, Uber hit a challenge when a European court ruled it was a transport company, not just a tech app.