Didi to ex­pand car-leas­ing busi­ness

China Daily (Canada) - - NEWS CAPSULE -

China’s ride-hail­ing firm Didi is launch­ing a car-leas­ing busi­ness.

It started a car leas­ing ser­vice in Shanghai in July and the ser­vice is sched­uled to ex­pand to sev­eral first- and sec­ond-tier cities within the year.

Didi is in talks with sev­eral car-leas­ing com­pa­nies, in­clud­ing eHi Car Ser­vices that could help them cut op­er­a­tional costs.

Un­like tra­di­tional car-leas­ing ser­vice, Didi users can book cars on­line and the cars will then ar­rive at their doorstep, it said.

China’s car-leas­ing mar­ket is fore­cast to grow to $8.2 bil­lion in 2016 and more than dou­ble by 2020, ac­cord­ing to CICon­sult­ing.

On Aug 1, Didi an­nounced that it was tak­ing over its China busi­ness of ri­val Uber.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.