Both Didi Chuxing and Didi's holding company Beijing Xiaoju Keji recently formed their equity investment and fund management companies in Xiamen on August 13.
Getaround will use the financing to add new cities in North America and around the world, as well as to launch new products and develop additional mobility partnerships.
During the first year of operation, it is estimated that 109,200 passengers per day will travel between Hong Kong and the mainland.
New company Xiaoju Automobile Solutions is expected to help ride-hailing giant Didi keep partners and customers glued to its ecosystem of services.
More than 90% of bookings for buses still completed offline, bringing the segment online huge potential for growth.
California-based Hyperloop Transportation Technologies is setting up a joint venture with a company controlled by the government of Tongren, a city in the Guizhou province.
Called Didi Mobility Japan, the business will start trials this year in Osaka, followed by Tokyo, Kyoto, Fukuoka and Okinawa, the companies announced on Thursday.
The unit’s parent China Railway and investors Ping An Asset Management and the National Social Security Fund have reached a consensus on the flotation, according to financial news outlet Caixin.
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