SoftBank invests $600M in Chinese taxi app

SoftBank has reportedly invested around $600 million in taxi app Kuaidi Dache (‘speedy taxi’) — which is backed by e-commerce giant Alibaba — making it the latest product of this type in which the Japanese company has shown interest. SoftBank previously …

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Daum Kakao to enter taxi app fray

South Korean messaging app maker Daum Kakao is to join rival LINE by launching a mobile taxi-hailing service, according to a report by IDG News Service. The company will work with licensed taxi drivers in its home country from early …

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