[Global Science and Technology Report] According to the US technology news site The Verge on April 6, citing a number of media sources, Uber’s rival Lyft has completed a new round of 500 million U.S. dollar financing, with a valuation of 6.9 billion to 7.5 billion U.S. dollars.
Lyft rumored that Lyft had started planning for this round of financing last month and plans to make full use of Uber’s internal crisis to expand.
Since its financing in January last year, Lyft's valuation has doubled. According to Crunchbase database information, this is the company's 11th financing, and after 2008 the total financing has exceeded 2.5 billion US dollars.
Lyft is Uber's biggest competitor in the United States and the competition between the two parties has been fierce. Prior to this, Uber was exposed to scandals and triggered a series of internal crises and negative news. To distinguish itself from Uber in the scandal, Lyft executives have been advocating social justice. After Trump signed the first immigration order, the company had announced that it would donate $1 million to the American Civil Liberties Union (ACLU). (Internship Compilation: Zhu Xueqing Reviewer: Li Zongze)
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