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PR Newswire
07-07-2014, 09:11 PM
What a competitive New China market in China...
Alibaba-backed Kuaidi challenges Uber in China with luxury cars
HONG KONG – Hangzhou Kuaidi Technology, a taxi-booking service backed by Alibaba Group Holding, is adding luxury cars in China to boost revenue as it steps up its challenge to Uber Technologies, the Bloomberg news agency reported.
Kuaidi is targeting wealthy travellers with a new smartphone application as it partners with chauffeur companies in Beijing, Shanghai, Guangzhou and Hangzhou, Chief Executive Officer Dexter Lu said in an interview. The new cars include the 5-Series from Bayerische Motoren Werke and Audi’s A6.
Uber and Kuaidi are competing with Didi Taxi, which is backed by Tencent Holdings, for a bigger slice of China’s 500 million users who access the Internet from their phones and are boosting use of location-based services. The new app, known as “Yi Hao Zhuan Che” in Chinese, is part of Mr Lu’s push for a revenue model to sustain the business, which generated 50 million yuan (S$10 million) of sales last month.
“We operate under a similar model as Uber does in China,” Mr Lu said. “Our work load will be very heavy in the second half, but it’s also very exciting.”
...
http://www.todayonline.com/business/alib...uxury-cars
Alibaba-backed Kuaidi challenges Uber in China with luxury cars
HONG KONG – Hangzhou Kuaidi Technology, a taxi-booking service backed by Alibaba Group Holding, is adding luxury cars in China to boost revenue as it steps up its challenge to Uber Technologies, the Bloomberg news agency reported.
Kuaidi is targeting wealthy travellers with a new smartphone application as it partners with chauffeur companies in Beijing, Shanghai, Guangzhou and Hangzhou, Chief Executive Officer Dexter Lu said in an interview. The new cars include the 5-Series from Bayerische Motoren Werke and Audi’s A6.
Uber and Kuaidi are competing with Didi Taxi, which is backed by Tencent Holdings, for a bigger slice of China’s 500 million users who access the Internet from their phones and are boosting use of location-based services. The new app, known as “Yi Hao Zhuan Che” in Chinese, is part of Mr Lu’s push for a revenue model to sustain the business, which generated 50 million yuan (S$10 million) of sales last month.
“We operate under a similar model as Uber does in China,” Mr Lu said. “Our work load will be very heavy in the second half, but it’s also very exciting.”
...
http://www.todayonline.com/business/alib...uxury-cars
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