Financial Times

BMW obtains license to launch ride-hailing services in China

BMW obtains license to launch ride-hailing services in China

BMW has obtained a license to provide ride-hailing services in Chengdu, the capital city of south-west China’s Sichuan province, making them the first foreign carmaker to do so in China.

  • November 21, 2018
  • min read

Financial Times

BMW obtains license to launch ride-hailing services in China

China’s ride-hailing market is already worth $30bn and will grow to $72bn in 2020, according to estimates by consulting firm Bain & Company. Didi Chuxing, the Beijing based ride-hailing company, is country’s dominant player with an over 90 per cent market share after its 2016 acquisition of Uber China.

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