
Alibaba Invests 40 Million Yuan in Dazhong Chuxing
Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
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Shanghai Dazhong Public Utilities (Group) Co., Ltd. announced on Wednesday that Dazhong Chuxing plans to increase capital, enlarge shares and attract a new investor – Alibaba.
Xiaoha Power Exchange, a brand owned by Chinese bike-sharing giant Hello Inc., and Southern Power Grid Electric Vehicle Service Co., Ltd. (EV Link) announced that they have recently signed a formal cooperation agreement.
Chinese mobile travel platform Hello Inc. announced the completion of a new round of financing of $280 million on Tuesday, led by Ant Group and Alibaba.
Chinese bike-sharing company Hello Inc. announced on Wednesday that since it piloted carpooling services in six cities including Hangzhou and Chengdu in January 2019, it has completed 300 million individual carpooling orders.