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New regulations and a blockbuster merger between the industry’s largest players are reshaping the business landscape for China’s car-hailing app companies.And the landscape is widening as car-hailing companies, including Didi Chuxing Technology Co., which merged in August with Uber Technologies Inc.’s China unit, explore financial services such as vehicle leasing and auto ....
Tesla Motors chief executive Elon Musk was mobbed like a pop star last year while introducing Chinese consumers to his U.S. company’s Model S electric car.Amid the frenzy, the American billionaire-entrepreneur ambitiously predicted China would account for up to 35 percent of his car company’s global sales in 2014.The prediction proved wrong. ....
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