Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success
In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave
Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round
LATEST
Beijing Humanoid Robotics Hub Raises $100 Million in First Funding Round
Analysis: Alibaba’s New Processor Shows Applications Are Key to AI Chip Success
Aerofugia Raises Nearly $150 Million to Get Flying Taxis Certified
Alibaba Pledges $432 Million in Lunar New Year AI Subsidy War
In Depth: Megvii Co-Founder Is Back Riding the Latest AI Wave
China Fines Kuaishou Unit $3.8 Million for E-Commerce Violations
Chips Drive China’s Electronics Exports
Robots Take the Stage at China’s Spring Festival Gala
Alibaba Unveils New AI Chip to Rival Nvidia’s China Offerings
ASML Expects China Revenue Drop Following Backlog-Fueled Surge
China’s Telecom Industry Stalls as Traditional Revenue Dries Up
TikTok Outage Puts New U.S. Operations to the Test
Moonshot AI Gets More Into Agents With New Model
Texas Doubles Down on China Tech Ban, Adding AI and E-Commerce Giants
Chinese GPU-Maker Challenges Nvidia in Three-Year Development Plan
In Depth: Tencent Bets Its AI Future on 28-Year-Old From OpenAI
Alibaba Sets Sights on ChatGPT and Gemini With New AI Model
China’s AI App Developers Lure New Users With Digital Red Envelopes
StepFun Raises $717 Million, Outpacing Newly Listed AI Rivals
LandSpace Pushes Ahead With $1.1 Billion IPO as Exchange Reviews Application

By Shen Lu / Nov 23, 2018 06:11 AM / Business & Tech

Photo: VCG

Photo: VCG

Germany’s BMW became the first foreign automaker to break into the world’s largest ride-hailing market in China after snagging an operating license in Chengdu.

Local transportation authorities in the capital of the southwest province of Sichuan told Caixin that it awarded a ride-hailing business license to BMW’s China unit BMW Mobility Service Ltd. Reuters reported that BMW plans to launch the service in Chengdu in December. BMW didn’t respond to a Caixin inquiry.

BMW Mobility, a wholly owned subsidiary, was registered in Sichuan in April, and its services include online taxi booking and car rentals.

A growing number of traditional carmakers, including state-owned SAIC Motor and private Zhejiang Geely Automobile Holdings, have tapped the booming ride-hailing market in China, which is largely dominated by Didi Chuxing.

Share this article
Open WeChat and scan the QR code