Didi Chuxing secures a $4 billion investment from SoftBank and Mubadala, bringing its valuation to $56 billion. The latest funding round comes amid reports SoftBank is looking to invest in rival Uber at a significant discount to its last $68 billion valuation.
And Spotify will reportedly get approval to list its shares directly on the New York Stock Exchange, a step towards avoiding a traditional IPO. The company could be valued as high as $20 billion.
Plus, speaking of going public, Pinterest will reportedly delay its planned IPO until 2019, as the company expects to fall short of revenue forecasts for the year. The photo-sharing app will bring in sales of $490 million this year, according to The Information. That compares to early estimates above $500 million.
Walgreens is no longer limiting the online sales of children's fever medicines after respiratory infections earlier send demand soaring.
Diageo agreed to buy Philippines-based Don Papa Rum for $473 million.
Netflix is rolling out a deeper lineup of new and returning titles of Korean content.
DoorDash and Starbucks expanded their partnership to allow consumers to order through its app.
European Commission President Ursula von der Leyen presented the outlines for her “Green Deal Industrial Plan” at the World Economic Forum at Davos.
Although Tesla may be offering discounts, GM President Mark Reuss said the company is holding firm on its EV pricing after announcing the 2024 Corvette E-Ray on Tuesday, the 70th anniversary of the first Corvette.
Microsoft said it's expanding access to OpenAI following reports of talks for a major investment by the tech giant in the startup parent company of ChatGPT.
Peloton named former Twitter executive Leslie Berland as its head of marketing.
Dan Geltrude, managing partner at Geltrude & Co., joined Cheddar News to explain how to get a jump on preparing your finances for extreme weather. "The single most important thing is to make sure you have the proper insurance coverage," he said.
Walt Disney Co. fought back and blasted investor Nelson Peltz's quest for a seat on Disney's board.
