Daily Crunch: Chinese giants fund ride-hailing challenger

TechCrunch | 3/27/2019 | Staff
fufu-fefefufu-fefe (Posted by) Level 4
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For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors. Now another notable challenger has stepped up.

T3 - Dozen - Entities - Automakers - China

T3, which is short for “top 3,” officially launched after a dozen entities, including three major automakers and China’s largest internet companies, agreed to lay out a total of 9.76 billion yuan ($1.45 billion) for the joint venture.

The company recently gave The New York Times a look at what it’s been working on in a new Mountain View lab. The results, it seems, are modest by design.

Josh - Constine

Josh Constine lays out some...
(Excerpt) Read more at: TechCrunch
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