China's Ride Hailing Apps Draw Investment

Powerful foreign and domestic companies are making massive investments into ride hailing apps in China, even though the legality of such services is still a topic of heated debate.  Didi Chuxing, China’s top ride-hailing phone application, has a new investor – China Life Insurance, which is giving the company $600 million. Last year China Life gave money to Didi’s rival, Uber Global.  James Roy, Associate Principal at China Market Research Group, said, “They've become an...

© La Voix de l'Amérique - mardi 28 juin 2016