ALIBABA REJECTS RUMOR ABOUT NEW RIDE-HAILING PLATFORM

OK CHINARIDE-HAILING AUGUST 13, 2019 THE MAIN BUILDING AND THE HEADQUARTER OF ALIBABA GROUP IN HANGZHOU.

ALIBABA, THE CHINESE E-COMMERCE GIANT, DENIED MEDIA REPORTS ON MONDAY THAT IT HAD PLANS TO LAUNCH AN INDEPENDENT RIDE-HAILING PLATFORM.

Many people said they had not heard of it, probably due to the fact that it covers only four districts - Tianhe, Yuexiu, Liwan and Haizhu - in Guangdong province at present.
The Tencent-backed ride-hailing start-up OnTime - Ru Qi Chu Xing in Chinese - which launched in Guangzhou on June 26, did not prove to be as popular as anticipated.
A comprehensive application system showing the vehicle network from Alibaba would also be expected.

Alibaba, the Chinese e-commerce giant, denied media reports on Monday that it had plans to launch an independent ride-hailing platform. According to an exclusive report by Forbes China on August 12, Alibaba was reportedly...

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Article ID: 309847 Date: 13th August, 2019 Social Shares: 2
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