Alibaba, Tencent, auto-makers set up $1.5b China ride-hailing venture

Alibaba, Tencent, auto-makers set up $1.5b China ride-hailing venture

Photographer: Gilles Sabrie/Bloomberg

Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.

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