Industry News Update – Week of 7/10/2017

Last week, Waymo dropped three out of the four patent infringement claims against Uber in its self-driving lawsuit. Waymo pursued this strategy in response to Uber ceasing use of its Lidar technology.

Lyft reached a major milestone on July 5, 2017 by providing one million daily rides.

Didi Chuxing participated in Ofo's 700 million funding round to establish presence in the Asia-Pacific shared bicycle market. Riding bikes is a popular means of transportation in the region and Ofo’s main competitor, Mobike, recently raised $600 million.

Spotify is piloting its new driving feature which makes the buttons on its user interface larger and allows users to control their music using their voice to make it easier to drive and listen to music.

Stripe has partnered with Alipay and WeChat Pay, which have cumulatively processed roughly $3 billion in 2016, to expand its presence in China.

The news articles and links presented below are available for your reference.

DIDI CHUXING

“Chinese Startup Ofo Raises $700 million as Bike-sharing Race Heats Up"

LYFT

“Lyft is Now Completing One Million Rides a Day"

SPOTIFY

"Spotify is Testing a Driving Mode Feature"

STRIPE

“Stripe Adds Support For Alipay and WeChat Pay, China’s Top Digital Payment Services"

UBER

“Waymo Drops Most of Its Patent Claims But Keeps Fighting Uber"