Didi Invests $1B In Its Auto Solution Platform Xiaoju Automobile Solutions

Chinese ride-hailing service provider Didi Chuxing said today it will invest US$1 billion into its auto solutions platform Xiaoju Automobile Solutions Co. Incubated in 2015 inside the Chinese ride hailing firm, the one-stop auto platform is being upgraded to become Xiaoju Automobile Solutions Co, the company said in an announcement. Kevin Chen, general manager of the platform, will become the General Manager of the new entity, reporting to Jean Liu, President of Didi Chuxing. “The creation of Xiaoju Automobile Solutions …

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