Transportation

A handful of Chinese major automakers are eyeing online ride-hailing services to boost their business.

Park+ shows real-time parking information and let users reserve spots in advance.

The company plans to deploy 500 electric cars on the road by this year.

Bounce has raised a total of over USD 194 million.

But none of them fulfilled their sales targets for the year.

The company provides digital parking solutions letting users find nearest parking place.

This is one of the largest fundraising deals in China’s logistics sector.

Ride-hailing cars can either install a taxi roof-sign or carry a decal bearing the word “taxi” or “contract car.”