Alibaba and Tencent have formed a joint venture that will offer ride-hailing services in China:
investment in mass transit to curb deficit spending. With no end in sight to urbanization, consumers need more mobility options in the absence of improved public transit. Ride hailing is well-suited to help address that demand.
Many Chinese cities are dense and difficult to navigate, which can make private car ownership challenging. In Shanghai, for example, 26 million people live over a 13 square mile radius, making it one of the densest cities in the world. In comparison, New York City isabout 8.6 million people over a 302 square mile radius.
Alibaba and Tencent's new JV can succeed by utilizing its parent companies' troves of consumer data to drill down into the most lucrative portions of the Chinese ride-hailing market. The colossal user bases of Ant Financial's Alipay (
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Tencent to cut reliance on China gaming after profit hitTencent Holdings signaled it will reduce its reliance on gaming in China, where ...
और पढो »
Tencent Music meets profit estimates in first earnings report, shares fallChina-based music streaming company Tencent Music Entertainment Group on Tuesday...
और पढो »
China’s Huge Bond Market Is Coming to an ETF Near You SoonChina is becoming harder for investors to ignore and may soon be home to the world’s second-largest bond market.
और पढो »
China birth rates fall in several regions in 2018: China DailyChina's birth rate in several regions, including the capital Beijing, fell ...
और पढो »
Cramer: US-China trade talks is now more about a 'trust gap' than the 'trade gap'Jim Cramer explains why he thinks President Donald Trump plans to leave tariffs in place and why the Federal Reserve helped in his trade standoff with China.
और पढो »
Opinion | Modi likes to project muscular nationalism — except when it comes to ChinaWhy should India then bend over backward to ingratiate itself with China, a country that protects terrorists like Masood Azhar?
और पढो »
Factbox: Italy signs deals worth 2.5 billion euros with ChinaItaly signed a preliminary accord with China on Saturday that makes it the first...
और पढो »
Trump sends top officials to Beijing to continue China trade talksPresident Donald Trump is sending U.S. Trade Rep. Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing on Thursday to continue U.S. trade talks with China.
और पढो »
Italy signs deals with China worth 2.5 billion euros, more to come: Di MaioItaly signed deals worth 2.5 billion euros ($2.8 billion) during Chinese Preside...
और पढो »
China to cut time for patent review by 15 percent: XinhuaChina will reduce the time needed for patent review by at least 15 percent in 20...
और पढो »