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Alibaba and Tencent are merging their taxi app businesses.

Added over 2 years ago | As appeared first on techinasia.com
In a shock move, China's two biggest taxi-hailing apps, Kuaidi Dache and Didi Dache, earlier today announced their merger. It's surprising not only because the new company will have an almost total monopoly on the market, but also because it's a very rare instance of a partnership between Alibaba and Tencent, two of China's three biggest web giants. Alibaba first put money into Kuaidi Dache in 2013, the same year Tencent invested in Didi Dache. That turned the taxi apps into a new front in th...
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