Scalper1 News
The two leading taxi-hailing apps in China reportedly are in merger talks, with archrivals Alibaba (BABA) and Tencent Holdings playing roles in the outcome, apparently teaming up against another major rival, Baidu. The combination of Kuaidi Dache, backed by Alibaba, and Didi Dache, backed by Tencent (TCEHY), would create a dominant ride-hailing leader. The two taxi-hailing companies are said to be in advanced talks, though a merger would Scalper1 News
Scalper1 News