China’s ride-hailing industry faces more economic uncertainty, more competition, and more regulation. But giant players are poised to thrive post-Covid.
Drive I/O | The five trends that will reshape ride-hailing in China
Search giant Baidu to make EVs with Chinese automaker Geely
Baidu announced Monday that it will partner with automaker Geely to make smart EVs, expanding its push into a booming industry.
Exclusive: Faraday Future to get $310 million lifeline from Chinese state-owned enterprises
A cash injection into would-be EV maker Faraday Future is being made on behalf of the government of Zhuhai, a source tells TechNode.
China launches anti-monopoly investigation into Alibaba
As sister company Ant Group faces challenges from finance regulators, Alibaba is confirmed to face an anti-monopoly investigation.