Caixin Global – Latest China News & Headlines

Home >

Fiat Chrysler Plans to Halt Its Serbia Plant on Coronavirus
Fiat Chrysler Plans to Halt Its Serbia Plant on Coronavirus
China’s 58 Home Delays U.S. IPO As Epidemic Weakens Customer Demand: Bloomberg
China’s BOE Takes Crown in Global Smartphone Panel Shipments in 2019: Research Firm
Huawei Hit With Racketeering Charge in Expanding U.S. Case
Chinese Truckmaker and Israeli Sensor Firm Team Up on Self-Driving Trucks
Mobile World Congress Canceled Due to Coronavirus Concerns
Hundreds of Chinese Companies Seek Billions in Loans Due to Coronavirus: Reuters
Finance Ministry Allocates More Special Bonds Early to Boost Economy
Alibaba-Owned Video-Streaming Service Youku Signs Drama Deal with BBC Studios
Electric Car Maker Nio’s January Sales Plummet Amid Epidemic
Tesla Stock Climbs As Its Shanghai Plant Restarts Production Amid Virus Outbreak
Chinese AI Company iFlyTek Asks U.S. to Lift Export Ban So It Can Buy Medical Supplies
Government Revenue Growth Dips to More Than Three-Decade Low
China’s Smartphone Shipments Could Drop 30% in Q1 Due to Coronavirus: IDC
Vast Majority of U.S. and U.K. Businesses in China Hit by Virus, Some Relocating Jobs: Surveys
ByteDance-Owned Apps See Sharp Surge in China Downloads Amid Outbreak
Foxconn Says Plant Restart Hinges on China’s Guidance
Pangolins Latest Animal Identified as Intermediate Coronavirus Host
Huawei Sues U.S. Carrier Over Alleged Patent Infringements
Customs Authority to Consolidate January and February Trade Data Into Single Item

By Coco Feng / Nov 12, 2018 12:36 PM / Business & Tech

Photo: VCG

Photo: VCG

Leading Chinese auto group SAIC Motor said Monday that it would launch a ride-hailing service, just weeks after Daimler AG and its Chinese partner Geely made a similar announcement — moves that will ramp up competition in a sector long dominated by local giant Didi Chuxing.

China's other big three state-owned automakers all have ride-hailing initiatives in the works.

They are tapping an industry that totals about $23 billion, according to consultancy Bain & Co., more than the rest of the world combined. Industry leader Didi has run into problems this year, notably a passenger security crisis resulting from multiple riders being raped and two being murdered by their drivers.

Share this article
Open WeChat and scan the QR code