Didi Chuxing, the largest ride-hailing app operator in China, plans to enter the country’s rapidly growing car-sharing services market with an investment of at least 1 billion yuan (US$151 million).
That move would enable the Beijing-based company to further expand its nascent car-rental business, while creating an online marketplace for other car-rental firms to link with potential customers.
Cheng Wei, the founder and chief executive of Didi, said users will be able to conveniently lease a car with a smartphone app, just like what people do when they hail a ride.
The car-sharing business still faces a lot of challenges, such as the difficulty to find parking places, according to remarks by Cheng at China’s annual World Internet Conference in Wuzhen, which were confirmed by the company.
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