China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday.

from Reuters: Business News https://ift.tt/2JwWPA0