Uber may have a new rival in China, as Yidao Yongche to raise $700M

12:20 20.10.2015
Beijing (Paul Carste for Reuters) — China ride-hailing app Yidao Yongche said that a unit of Beijing-based technology company LeTV has agreed to invest $700 million in the firm in return for a 70 percent stake, according to an emailed statement on Tuesday. LeTV, which includes Shenzhen-listed Leshi Internet Information and Technology Corp Beijing, earlier […]...
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