Special Offer: Try The Information today for only $10/month for your first 3 months.
Uber/Lyft Asia

Alibaba, Tencent Back New Chinese Ride-Hailing Venture

Alibaba and Tencent are teaming up with China’s biggest automakers to create a ride-hailing venture, in a potential challenge to Didi Chuxing. Changan Automobile said in a regulatory filing that it is investing in a new venture that aims to become “China’s most trusted mobility service company.” Other investors include automakers Dongfeng Motor and FAW Group, as well as Alibaba, Tencent and...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
Exclusive Venture Capital Startups
The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

Latest Briefs
Amazon Labs Now Conducting ‘Thousands’ of Covid Tests a Day
Quibi Plans Investor, Employee Call Amid Talk of Shutdown
Outsourcing IT Firm Datto Begins Trading on NYSE
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.