Automotive, Consumer Staples Aug 03, 2020 11:57 AM (GMT+8) · EqualOcean
According to the Chinese media channel, 36kr, the two sides, Alibaba and Xiangdao Chuxing have basically completed the negotiations and have entered the final stage of the CNY 1.4-1.6 billion agreement, which is expected to be officially signed in August. Xiangdao Chuxing is a travel service brand of SAIC Motor. It was launched at the end of 2018 and soon obtained the Shanghai online car-hailing license. It has now opened services in many cities in Jiangsu and Zhejiang province.
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