GM ventures into China car-sharing with investment in app developer
U.S. automaker General Motors Co made its first investment in a Chinese car-sharing start up, the company said on Tuesday, as its attempt to reshape itself as a mobility solutions company spreads around the globe.
A GM spokeswoman declined to disclose the size of the investment in Yi Wei Xing (Beijing) Technology Co Ltd, which developed the car-rental and car-sharing app Feezu.
"This cooperation is very important to our company to explore ride-sharing market in China," the spokeswoman said in an email to Reuters. "It is GM's first investment in a start-up in China related to... read more
- 10:47 Chelsea captain John Terry posts message of support to Ryan Mason...
- 10:47 Benfica manager addresses rumours of Goncalo Guedes transfer to...
- 10:47 Manchester United agree midfielder deal: 21-year-old set for medical
- 10:47 Car abandoned after being chased through Blackpool town centre
- 10:45 Woman suffers life-changing injuries in A45 crash near Wellingborough
- 10:45 BUSINESS DAIRY: Events taking place in the coming weeks
- 10:45 Woodhouse Day Nursery in Woodhouse Eaves was shut down for...
- 10:45 Emmerdale spoiler videos: Debbie Dingle returns as Gabby Thomas...
- 10:44 Madonna says White House comments 'taken out of context'
- 10:44 LISTEN to the heroic 999 call from a Telford toddler which helped...
- 10:44 EMERGING MARKETS-Fading dollar lifts emerging stocks, currencies
- 10:44 Trump White House to brief media amid 'alternative facts' row
- 10:43 Unsettled weather later in the week
- 10:42 Kelechi Iheanacho's dad gives update on striker's Man City future
- 10:42 These stunning images give an aerial tour across Merseyside
- 10:42 Brownlee brothers named among UK's most influential people.
- 10:42 Burning your toast could increase cancer risk, experts say
- 10:41 China cracks down on unauthorized internet connections
- 10:41 Six points and £200 - tough new penalty for mobile use behind the...
- 10:41 Image released of man in connection with theft in Northampton of...
- 10:40 Man blinded by chef with chilli powder after complaining about...
- 10:40 What it’s like to talk to your GP about your mental health
- 10:39 Shkodran Mustafi looking to continue impressive unbeaten run at...
- 10:39 One lane closed on M61
- 10:39 Algeria need a minor miracle in order to progress to the knockout...
- 10:39 Billy’s delight at his internet success
- 10:39 The dental nurse who became an alligator catcher
- 10:39 Charity offers trio of opportunities to make a difference for...
- 10:39 South Korea ministry apologises over artists' blacklist
- 10:38 Civic Society column by David Winpenny