A taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: ReutersA taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: Reuters
A taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: Reuters
Tech /  Start-ups

Baidu sets up fight with Didi in China's luxury car-hailing market

Online search engine Baidu leads a 700 million yuan investment in Shouqi Limousine and Chauffeur, pushing the start-up into unicorn territory

Topic |   Autos
Meng Jing
Meng Jing

Updated: 8:22pm, 3 Jul, 2018

Why you can trust SCMP
A taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: ReutersA taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: Reuters
A taxi driver uses the Didi Chuxing car-hailing application in Beijing. The premium chauffeur car market in China is expected to be worth 500 billion yuan by 2020. Photo: Reuters
READ FULL ARTICLE