Price wars intensify in ride-sharing sector

Meituan-Dianping enters fray with services in seven Chinese cities

Chinese group-buying and dining information platform Meituan-Dianping has launched its ride-hailing services in seven cities along with a series of tempting policies, making no secret of its strong desire to challenge Didi Chuxing and others in the country's burgeoning ride-hailing market.

To attract more potential users, the company is offering customers three coupons of 13 yuan ($2) each, which equals to the flag-down fare of a taxi in China. Drivers who join the platform early can also avoid commission charges and keep the entire earnings for the first three months.