Geely will launch a converged online car-hailing platform called 'Xingfu Qianwanjia', which means 'bringing happiness to tens of thousands of families' in Chinese.
Chinese ride-sharing startup T3 Travel announced the completion of its Round A financing on Tuesday, amounting to 7.7 billion yuan ($1.2 billion).
Gong Xin, CEO of the company, said in an interview that the new round of financing may be completed in the first half of 2022.
Six Tianjin Government Departments conducted a joint interview with eight car-hailing platforms on Wednesday, including Didi Chuxing, T3 Travel, Meituan and CaoCao Chuxing.
In last week’s VC news, direct-to-consumer e-commerce platform Cider bags $130 million for brand building, Xiaomi backs AI company Studio 51, Didi rival Caocao rakes in a massive $589 million round, and more.
Caocao Chuxing, the ride-hailing arm of automaker Geely, announced the completion of Round B financing worth 3.8 billion yuan ($589 million) on Monday.