How Much Capital Are You Raising?

Didi Chuxing CEO Jean Liu and Grab Group CEO Anthony Tan talk with The Verge's Walt Mossberg and Recode's Kara Swisher about operating ride-hailing services in China and Singapore, respectively. Since December, the two companies have partnered with Lyft and one another in what some have called an anti-Uber alliance. They discuss why they still subsidize ride-sharing prices even though they have raised ample cash, including, in Didi's case, $1 billion from Apple. Tan also announces that Lyft's global fleet will now be accessible through Grab's app.

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