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Search results for “subsidy”
China Eastern’s LCC ambition takes off on a strong note
08/26/2015
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8:42:11 AM
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China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
Power hungry Chinese car-hire apps turn a blind eye to driver scams
07/09/2015
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10:08:44 AM
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As more drivers join a car hire platform, the platform will slowly gain leverage to shut down accounts of scamming drivers, thus reducing scamming.
CAR Inc claims it will lead the chauffeur service segment within 6 months
04/01/2015
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3:45:19 PM
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CEO Zhengyao Lu said: “We will invest at least RMB2.5 billion to attract new customers at the beginning and we have unlimited cash reserves to continue.”
Didi Kuaidi raises $3 billion as rival Uber China brings in $1.2 billion
09/10/2015
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11:04:46 PM
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Didi Kuaidi is set to raise about $3 billion through its latest fundraising round just as funding at the Chinese unit of rival Uber Technologies Inc reaches $1.2 billion.
Uber China valued over $6 billion in July 2015
07/31/2015
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8:58:09 PM
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Uber China confirmed it has set up a new company in China with an independent headquarters and management and a locally based server.
Weekend trip platform Duzhoumo raises US$20 million
07/27/2015
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2:36:17 PM
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Duzhoumo has received funding of US$20 million in the A Series financing round. The investment is led by Legend Capital and participated by Banyan Capital.
Chinese tourism expenditure enjoys double-digit growth in first half of 2015
07/13/2015
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10:05:54 AM
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China’s tourism expenditure grew 14.5% to reach RMB1.65 trillion while investment grew by 28% y-o-y to a total of RMB301.8 billion in the first half of 2015.
Uber unlocks Beijing driver accounts once suspended for cheating its system
06/16/2015
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7:44:29 AM
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Uber said it has perfect anti-fraud systems, technologies and experience, as well as a specialized anti-cheating task force to catch dishonest drivers.
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