Industry News Update – Week of 11/6/2017

Last week, Didi Chuxing announced plans to construct a vast charging network for electric cars as roughly 260,000 out of Didi Chuxing’s 21 million drivers use electric cars. The company anticipates that its electric vehicle fleet will increase to 1 million by 2020. Didi Chuxing could expect significant business from the Chinese public in the future from this project because the Chinese government stated plans in September 2017 to eventually ban gasoline-fueled cars to combat widespread air pollution.

Grab reached a major milestone on October 26, 2017 by surpassing 1 billion overall rides.

As of November 1 2017, Robinhood surpassed 3 million overall users, reached $100 billion in cumulative transaction volume and saved its users $1 billion in overall trading fees. The company also launched Robinhood for Web, an online platform with extensive research capabilities and stock discovery tools.

Stripe has launched a feature within its Atlas platform to assist in the allocation of stock equity among founders by drafting the legal paperwork. By default, this new feature reserves 20% of the company’s stock pool to its early employees and investors but can be easily modified to include complex equity structures such as vesting periods.

DIDI CHUXING

"The World's Biggest Ride Company is Building an EV Charging Network to Cover China"

GRAB

“Uber Rival Grab Crosses 1 billion Rides in Southeast Asia"

Robinhood

"Robinhood Stock Trading Comes to Web with Finance News for its 3M users"

STRIPE

“$9 Billion Startup Stripe is Automating the Complicated Process of Doling Out Stock to Company Cofounders"