DongFeng Automobile Co Ltd (600006.SS)
24 Jul 2019
BEIJING Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing.
* Suning.Com's investment firm is the JV's largest shareholder
BEIJING Nissan Motor's China joint venture with Dongfeng has not made any changes to its mid-term China sales plan, a company spokeswoman told Reuters on Wednesday, responding to a report that it has cut its sales target.