GM ventures into China car-sharing with investment in app developer

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

 
12 October 2016 in Science &Technology, Views: 66
Source: Reuters
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