China’s transportation industry is experiencing a swift change of powers for both two-wheel and four-wheel mobility services
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Posted inOn the Cusp
Briefing: Uber is coming back to China to make scooters
Uber has no plans to bring its bike rental scheme to China but it is considering other Asian countries.
Posted inTurf Wars
Alibaba’s AutoNavi launches ride-hailing service in bid to become a mobility mega platform
As the ride-hailing market in China heats up again, Alibaba-owned AutoNavi (高德地图) also known as Amap has announced that its ride-hailing service Gaode Jiaoche (高德叫车) has gone online, TechNode’s Chinese sister site reports. The move is just another small step for AutoNavi towards building its one-stop mobility aggregation platform. The ride-hailing service is integrated into […]
Posted inNews
Geely-backed Chinese ride-hailing firm Caocao Zhuanche raises $156 M series A round
Caocao Zhuanche(曹操专车) an electric vehicle sharing company backed by Chinese automaker Geely, has completed a RMB 1 billion ($156 million) series A round from various investors, at a valuation of over RMB 10 billion ($1.6 billion), Sina Technology is reporting. Investors in the round were not disclosed. With the new funding, the company plans to expand in cities […]
Posted inUp and Comers
Troubled ride hailing company Yidao Yongche gets second wind with former Baidu Waimai chief
China’s ride-hailing market might be in for another stir. Former chairman of Baidu’s food delivery platform Baidu Waimai, Gong Zhenbing, is moving on to become the CEO of ride-hailing platform Yidao Yongche, The Paper is reporting (in Chinese). Yidao went through a rough period in April and May last year after a cash squeeze that […]
