Didi to expand car-leasing business
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.