China's top ride-hailing app Didi Kuaidi and leading private bank China Merchants Bank have announced a comprehensive partnership1 on equity2 investment, in-app credit card payments, and automobile3 financing services.
中国最大的打车软件滴滴快的与私营银行中国招商银行宣布在股本投资、应用程序内信用卡付款与汽车融资服务等领域达成全面合作伙伴关系。
The equity investment makes CMB the latest addition to the mobile app's backers, which include Tencent, Alibaba, China Investment Corporation, Ping An Ventures, CITIC Capital and others.
The amount of the investment has not been disclosed at this point.
Under the partnership, both companies will begin accepting applications for
joint4 CMB-Didi credit and
savings5 cards through CMB's sales channels or Didi's app before the end of June.