Chinese bike sharing company Hello Chuxing, with Ant Financial its largest shareholder, announced today that has launched ride hailing services. Ant Financial, which is controlled by Alibaba and its executives, owns the largest stake in Hello Chuxing, previously known as HelloBike. The move is a direct challenge as Alibaba aims to cut into the ride […]
Alibaba Attacks Didi As Its Bike Sharing Firm Hello Chuxing Launches Taxi Hailing Service appeared first on China Money Network.