Business, Telecom & Wireless

Chinese Ride Sharing Goes Postal With New Investment

China Post Group Corporation is expanding its investment scope past logistics and to more defined ways of getting Chinese commuters across town.

Chinese ride sharing firm Didi Chuxing says has received an undisclosed amount of strategic investment from China Post Group Corporation, two weeks after China's largest ride sharing company agreed to acquire all assets of key rival Uber China.

Didi Chuxing's previous strategic investors include Apple Inc., Beijing Automotive, China Life Insurance, Ping An Insurance, China Merchants Bank and Civil Aviation Fund.

China Money Network reports that China Post will integrate its own resources and operation to cooperate with Didi Chuxing to provide better and more convenient services to Chinese consumers.

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