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
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
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Autos
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