Chinese state-owned automakers and the country’s internet firms including Tencent and Alibaba Group have jointly launched a private equity company last week, planning to invest RMB9.76 billion (US$1.45 billion) in a ride-sharing company that is featured with new energy vehicles (NEVs). The private equity firm, dubbed "Nanjing Lingxing Equity Investment Partnership Enterprise" for now, was […]

China’s Automakers Team Up With Tencent, Alibaba To Prepare $1.45B For Ride-Sharing comes originally from China Money Network. All Rights Reserved.