The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/Files
BEIJING: Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a US$1.5bil (RM6.09bil) Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.
Chongqing Changan Automobile said on March 22 that it has invested 1.6bil yuan (RM968.33mil) in the Nanjing-based investment company alongside partners such as the investment units of Alibaba, Tencent and retailer Suning.Com Co Ltd, and automakers FAW and Dongfeng Motor.
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