+1-888-308-5802     
News Contact Us

Softbank and DiDi Chuxing join hands to test ride-hailing in Japan

Author : Saipriya Iyer | Published Date : 2018-07-22 

The China-based mobility technology magnate DiDi Chuxing has reportedly announced a partnership with SoftBank Corp. in a bid to launching trial services for its ride-hailing service this fall. The two parties seem to have already set up a joint venture called DiDi Mobility Japan last month in order to improve the quality of service and efficiency of taxi services.

Incidentally, Japan already has many ride hailing services but with DiDi’s client base of more than 550 million, the competition bar is expected to rise several notches higher. Stephen Zhu, head, DiDi Mobility Japan, apparently claimed that this venture will add a significant value to the taxi market in the country, given that it leverages DiDi’s technological abilities and SoftBank’s strong presence in Japan.

Artificial intelligence & other technologies can help improve safety & efficiency in the taxi industry in Japan, that is currently plagued with issues such as aging drivers, shortage of cabbies, and spiked demands due to tourism, claims a statement released by the both the companies.

DiDi will reportedly be providing a management console to taxi companies to improve their service while helping them monitor their dispatches and analyze driver evaluations given by the customers. Incidentally, customers can also order cabs and pay with their credit cards once they install a hailing app. China’s DiDi app could also be used in Japan while giving customers an option to pay using Alipay or WeChat.

The trials for this project are expected to commence in the city of Osaka city and expand to Kyoto, Fukuoka, Okinawa and Tokyo.

For the record, SoftBank boasts of investments in different ride hailing companies around the world. In January, the company acquired a 15% stake in Uber and also poured in around $5.1 billion (approx. YEN 560 billion) through one of its funds in 2017.

About Author

Saipriya Iyer

Saipriya Iyer

Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i

Related News

Zymeworks partners with Ibrance and initiates Phase 2 trial

Published Date: 2020-01-14         Author: Saipriya Iyer

Zymeworks Inc., a Vancouver based clinical stage biopharmaceutical company that develops multifunctional therapeutics, has reportedly announced the commencement of Phase 2 trial that assesses ZW25 combination therapy. The company also announced that it has reached consensus on an agreement with Pfiz... Read More

Hikma and Arecor ink new deal to develop and market new medicines

Published Date: 2020-01-11         Author: Saipriya Iyer

Hikma Pharmaceuticals, a renowned UK based biopharmaceutical company, and Arecor, a biopharmaceutical firm advancing today’s treatments to enable healthier lives, have reportedly signed a new strategic agreement to develop a novel injectable medicine in the U.S. from Hikma’s subsidiary, ... Read More

Takata recalls 10mil air bag inflators as part of 2015 U.S. settlement

Published Date: 2020-01-09         Author: Saipriya Iyer

Japanese automotive parts manufacturing firm Takata Corporation has reportedly recalled close to 10 million front air bag inflators that were sold to 14 different automotive makers. These products pose a risk of exploding with extreme force and throw shrapnel. For the record, the 10 million infla... Read More

© 2020 Fractovia. All Rights Reserved