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Alibaba, Tencent, car makers set up $1.5 billion China ride-hailing venture

BEIJING (Reuters) – Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese …

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China’s auto, internet giants set up 9.76 billion yuan fund to invest in ride-sharing industry

FILE PHOTO: A man stands near the logo of Alibaba Group at the company’s newly-launched office in Kuala Lumpur, Malaysia …