Gaw Capital Partners and some realty firms may be among those backing the naked Group unit.
China’s Meituan-Dianping is set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch.
Extending to ground transportation connected to airports, hotels or destinations is a decisive move for Ctrip’s globalization, according to Ctrip’s senior executive.
Caocao Car, China’s first new energy-focused mobility service provider, has raised one billion yuan. At present, the company is operating in more than 17 cities in China.
Beijing-based bike rental service Ofo will launch its services in India in a tie-up with Paytm.
Air service is impacted by high-speed rail, but it does not lead to a significant reduction of passengers; and the new rail industry is seeing its most vibrant growth in China.
Ofo investor Xiaohu Zhu from GSR Ventures is rumored to have sold his shares in bike rental firm ofo to Alibaba for USD 3 billion.
Chinese ride-hailing firm Didi plans to launch a bike-sharing platform within its app that will host partner firms such as Ofo as well as its own bike-sharing brand.
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