Alibaba, Tencent and other major names form $1.45B ride-hailing venture
https://techcrunch.com/2019/03/26/t3-ride-hailing-china/
For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors initiated by both internet firms and old-school carmakers. Just last week, another notable challenger has stepped up.
T3, which is short for “top 3”, officially launched after a dozen entities, including three major automakers, agreed to lay out a total of 9.76 billion yuan ($1.45 billion) for the joint venture following an initial agreement in July, according to an announcement released last week.
Alibaba, Tencent and other major names form $1.45B ride-hailing venture
Mar 27, 2019, 5:18am UTC
https://techcrunch.com/2019/03/26/t3-ride-hailing-china/
> For the last two years, Didi has been the dominant car-hailing force in China and its success has spawned a handful of competitors initiated by both internet firms and old-school carmakers. Just last week, another notable challenger has stepped up.
> T3, which is short for “top 3”, officially launched after a dozen entities, including three major automakers, agreed to lay out a total of 9.76 billion yuan ($1.45 billion) for the joint venture following an initial agreement in July, according to an announcement released last week.