Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

from Reuters: Business News https://ift.tt/2JvtTIt