Yidao eyes offering to take on rivals
By Ma Si | China Daily | Updated: 2016-03-02 08:28
Car-hailing company has been losing ground to Didi Kuaidi as sector gets locked into price war
Yidao Yongche, the Chinese online car-hailing company, is eyeing a domestic stock market listing as part of its plans to challenge local giant Didi Kuaidi and US firm Uber Technologies Inc.
Zhou Hang, Yidao's founder and CEO, said it has already started preparing for a public listing after Internet company LeEco Holdings Co Ltd took a 70 percent stake in the firm in October.
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