Didi Chuxing | Auto Finance News | Auto Finance News

Chinese Mobility Platform DiDi Invests $1B in Financial Services

China’s growing mobility solutions provider DiDi Chuxing announced earlier this month a $1 billion investment in Xiaoju Automotive Solutions, which provides financial loan and lease products for DiDi’s ride-hailing drivers. Xiaoju was incubated by DiDi starting in 2015 and the mobility solutions provider began using it on a trial basis in April to facilitate loans, […]

Vehicle Sales Platform Eyes Lender Acquisition to Provide Leases for Ride-Hail Drivers

Cango Inc., a Chinese car sales marketplace and financing aggregator, plans to form a “comprehensive” partnership with ride-hailing company Didi Chuxing to provide automotive financing. Cango noted the plans in a filing with the Securities and Exchange Commission last week seeking $300 million in an initial public offering on the New York Stock Exchange. Didi […]

Didi Chuxing and 31 Automakers Form Alliance for Ridehailing

Didi Chuxing has teamed up with 31 auto industry partners, including Volkswagen and Toyota, to create the Didi Auto Alliance, a new integrated transportation service initiative that will combine auto leasing and sales, auto finance, auto service, fleet operation and car-sharing, the company announced last week. Partners in the Alliance include Chinese carmakers such as […]
  • Emma Sandler
  • April 30, 2018
  • Asia

Chinese Ride-Hail to Raise $1.6B ABS for Lease Partners

Chinese ride-hailing company Didi Chuxing received approval this week from the Shanghai Stock Exchange to securitize $1.6 billion of leases originated by some of its partners. Didi acts as a middleman between leasing companies and Didi’s ride-hail drivers. The timing of the first $47 million issuance is unknown. “The [leasing] companies can use the funds […]

Renault-Nissan-Mitsubishi Alliance to Explore Car-Sharing Partnership With DiDi

The auto alliance of Renault-Nissan-Mitsubishi has signed a memorandum of understanding (MOU) with DiDi Chuxing, the leading Chinese mobility transportation platform, to explore a potential partnership in the People’s Republic of China, the company announced in a press release. The Alliance and DiDi have signed the MOU to explore future business partnerships on a new […]

China Rideshare Didi Plans to Expand Into Carsharing

Didi Chuxing, China’s ridesharing behemoth, plans to expand into other mobility services including car-sharing, Cheng Wei, the founder and chief executive, said at China’s annual World Internet Conference in Wuzhen last week. The Beijing-based company intends to enter the car-share market with an initial investment of at least $151 million, Wei said, adding that users will be […]