Related News
China's taxi-hailing app gets big financing
Online Edition
E-commerce giant Alibaba's taxi-hailing app Kuaidi Dache has secured big financing as optimistic investors eagerly back a big name in the quickly growing service.
Kuaidi Dache has raised US$600 million of funding from a recent round of financing, said CEO and chairman of the board Lyu Chuanwei on Thursday.
Investors include Softbank Group, Alibaba and Tiger Global Management.
He said the capital will be invested in technology upgrades and innovation.
Taxi-hailing apps such as Kuaidi Dache and Didi Dache, rolled out by Alibaba and Tencent respectively, are gaining popularity among users. By connecting passengers with drivers, the two firms account for almost 99 percent of taxi-hailing market with 154 million registered users in more than 300 Chinese cities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
