Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances

//Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances

Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances

Didi Chuxing has invested an undisclosed amount in OnTime, a new ride-hailing service provider backed by Tencent Holdings, in a move that widens its strategic alliances as competition in the domestic market heats up.Beijing-based Didi, operator of China’s largest ride-hailing platform, announced that deal as part of an agreement with Guangzhou Automobile Group Co (GAC Group) to expand their partnership into areas such as ride-hailing operations, fleet management, autonomous driving and other…

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By | 2019-06-26T13:18:19+00:00 June 26th, 2019|Technology|Comments Off on Didi invests in Tencent-backed ride-hailing start-up amid efforts to expand strategic alliances