BMW to launch ride hailing services in China from December
SCI & TECH
| November 22nd 2018
BEIJING- Germany’s BMW plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market.
BMW Mobility Service Ltd, a fully-owned subsidiary of the BMW Group, obtained its ride-hailing license in Chengdu, the capital of Sichuan province in China’s southwest, BMW said.
BMW Group said in October it would increase its stake in its Chinese joint venture with partner Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent.
China’s ride-hailing market is worth $23 billion, more than all other ride-hailing markets combined, with China’s Didi Chuxing dominating with 90 percent of all bookings, consulting firm Bain & Co said.
Germany’s Daimler said in October it was setting up a ride-hailing venture in China with Geely Group, in a sign the Chinese firm was making progress in its drive for closer relations with the maker of Mercedes-Benz cars.
Mysterious North Sentinel Island, home to uncontacted tribe that kills outsidersIt is a criminal offence to try and make contact with the Sentinelese tribe, who have lived in India's Andaman islands for 60,000 years
Restoring Nairobi’s iconic librariesBook Bunk is turning public libraries into what they call ‘Palaces for The People' while introducing technology in every aspect.
Use of police officers to enforce child custody orders declared illegal
By Daniel Chege
- PNU vows to back Raila, form coalition with ODM
By Samson Wire
- Eyes on Navy as Kenya takes tough stance on Somalia
- Grand reception for Raila as he storms Ruto’s Eldoret backyard
- Raila feted for championing unity, development
- Family pays tribute to businessman found dead in park