Alibaba enters car-hailing business
By Gao Yuan | China Daily | Updated: 2016-04-12 08:27
Deal with UCAR comes as the online ride-booking market is growing rapidly
Alibaba Group Holding Ltd on Monday reached a strategic partnership with China's third-largest car-hailing company UCAR Technology Inc, a move that enhanced the influence of the internet giant in the booming segment.
The partnership will include online shopping, digital marketing, high-accuracy navigation and the development of smart vehicles, according to a joint-announcement from the two companies.
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