Didi: The company had previously announced it wanted to be present in 100 Chinese cities in 2016, according to Xinhua China. Should it succeed, China would overtake the United States as Uber largest market globally. Uber said late Tuesday that it will roll out its service to the central and southern provinces of Hubei, Hunan and Guangdong, giving it coverage of over 55 Chinese cities. Domestic rival Didi also announced on Tuesday an undisclosed amount of funding from China Merchants Bank and added that the duo would also work closely in areas such as mobile payment and auto finance. The tie-up with a domestic lender could mean that drivers will be able to purchase vehicles on credit on its online auto marketplace, which Didi will launch soon. Didi has been vocal about its intent to extend to auto services and e-commerce.
(news.financializer.com). As
reported in the news.
Tagged under Didi, southern provinces topics.