Saturday, 2024 February 24

Tencent may enter ride-hailing business, its trademark registration information shows

China’s Tencent, with its strong grip on the global gaming industry and its messaging app WeChat, may start its own ride-hailing business. The firm applied to Chinese authorities to register a number of mobility-related trademarks, Chinese online news portal reported on Tuesday.

Tencent Chuxing (Chuxing means ‘mobility’) and Tencent Dache (‘ride-hailing’) are among the trademarks lined up for certification.

Tencent has interests in the mobility industry through investments in Tesla and its Chinese challenger Nio. It has also joined forces with 17 automakers—including BMW, Daimler Benz, and Guangzhou Automobile Group—to explore how smart cars can adopt Internet of Vehicles (IoV) solutions, under the banner Tencent Auto Intelligence.

Last month, Tencent, Alibaba, and several Chinese automakers formed a limited partnership with RMB 9.76 billion (US$1.46 billion) to invest in promising startups in the on-demand, and smart mobility area.

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Jingli Song
Jingli Song
I believe Chinese innovation at various level needs to be known by the world.

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