China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

China's auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry



China’s major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday.





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