Sign up to receive 5 free days of our daily summary for tech news.

Read this article for free.

Already a subscriber? Log in here

Asia

Inside Alibaba and Didi’s Tussle Over a Multibillion Dollar Startup

Last fall, Didi Chuxing tried to get bike-sharing company Ofo to merge with main competitor Mobike. The attempt, led by Didi and other Ofo investors, failed because the bike startups strongly opposed it, according to people familiar with the talks. Then Didi, Ofo’s largest shareholder, changed course and launched its own bike-sharing platform within its popular car-hailing app.

The series of events not only soured Didi’s relationship with Ofo, but also inflamed tensions between Didi and internet giant Alibaba—one of Didi’s own investors—which is doubling down on Ofo by leading its current $1 billion fundraising. Alibaba also wants Didi to relinquish its shareholder right to block Ofo’s funding rounds in the future, arguing that Didi is turning into Ofo’s competitor, a person familiar with the matter said. Didi hasn't opposed Ofo’s current $1 billion round, the person added.   

What Is The Information?

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting, stories, and exclusives you won't read anywhere else from the largest newsroom in tech.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Go deep into areas like crypto and VC diversity—or get real-time analysis of breaking news—via conference calls with our reporters and other experts.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, subscribers get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

Access the best reporting on the tech industry read by tens of thousands of global executives.

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Share with your team

Subscribers can unlock any article and share it with friends and co-workers through a special share link.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Asia Venture Capital

Hillhouse Eyes Buyout of KFC Operator Yum China

By Yunan Zhang and Juro Osawa

Asia

Alibaba’s Ele.me Gears Up for Costly Subsidy War With Meituan, Didi

By Yunan Zhang and Juro Osawa

Autonomous Vehicles Asia Startups

China’s Byton Seeks to Eclipse Rivals With Didi Deal

By Juro Osawa and Shai Oster

Asia Entertainment

Tensions Flare Behind the Scenes of ‘League of Legends’

By Wayne Ma and Juro Osawa

‘Competition [with Didi] is unavoidable.'