Volkwsagen, Didi Chuxing
plan high-end car hailing service in China
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[November 17, 2016] GUANGZHOU,
China (Reuters) - Volkswagen AG said on Thursday it was
in talks with China's Didi Chuxing to set up a high-end
car hailing service venture in China, the latest in a
rush of tie-ups between automakers and technology firms
seeking to profit from new ride services.
A mascot of Didi Chuxing is seen at the company's
headquarters in Beijing, China, May 18, 2016.
REUTERS/Kim Kyung-Hoon/File Photo
Didi Chuxing is China's largest ride-hailing company, with 300
million users across more than 400 cities in China. It cemented
its dominance in the domestic market earlier this year, when it
bought Uber's operations in the country.
Volkswagen, one of the world's biggest automakers, also
announced this year that it is investing in ride-hailing company
In similar moves, General Motors has invested in ride-hailing
service Lyft and Toyota Motor Corp has a partnership with Uber
(Reporting by Jake Spring; Writing by Naomi Tajitsu; Editing by
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