Ctrip Inc said it has regulatory approval to operate own-brand car-hailing service as China’s biggest online tourism firm expands into the fiercely-competitive market. Other firms like Meituan Dianping, Yidao and AutoNavi have made huge investment and introduced new business models into the car-hailing services market as they prepare to do battle against each other and […]
China’s Tencent may put $400 million in Ola to fight Uber
Chinese internet major Tencent is likely to lay one of its most significant bets in India as it closes in on a $400-million (over Rs 2,500crore) investment in the homegrown ride-hailing startup Ola, two people close to the matter said. The capital from Tencent will give much-needed firepower to Ola, which has been on a […]
