BEIJING -- Only a year ago, ride-hailing company Didi Chuxing's dominance of China's domestic market seemed impenetrable and few thought its position could ever be challenged.
Startups
Chinese state-owned startup challenges Didi's ride-hailing dominance
State contacts, high-end service and regulatory compliance drives Shouyue's profitability
A Shouqi Limousine & Chauffeur driver and car. The startup has received funding from private investors, including internet giant Baidu and electric vehicle start-up Nio. (Photo by Shunsuke Tabeta)
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