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

Subscribe today for $299 ($100 discount) AND get guaranteed entry to our SF Subscriber Summit on 10/17. 

Enter your email to read the full article.

Bernard Leong shared this article with you.

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?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

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

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.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

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

What else is included in my subscription?

Become a contributor

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

Slack community

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

Annual Subscriber only benefits:

Org Charts

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

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Read this article for free

Bernard Leong shared this article with you.

Already a subscriber? Log in here