The Business Times
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China taxi apps Didi Dache and Kuaidi Dache announce tie-up

Published Sat, Feb 14, 2015 · 02:51 AM

    [BEIJING] Didi Dache and Kuaidi Dache, two of China's leading taxi-hailing apps, said Saturday they would merge through a share-swapping deal.

    Financial terms were not disclosed.

    The two companies, backed by Internet giants Tencent Holdings and Alibaba Group Holding, respectively, allow users to hail taxis on their smartphones.

    REUTERS

    TencentAlibaba

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