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China’s ride-hailing giant wants to dominate electric-vehicle charging—so does one of its top backers

Echo Huang
China’s ride-hailing giant wants to dominate electric-vehicle charging—so does one of its top backers

China’s growing electric vehicle market can’t have enough charging stations—and China’s biggest ride-hailing giant Didi Chuxing could end up competing with its backer, Ant Financial, to get users to them. Last week, Alipay, the all-encompassing payments app (Quartz member exclusive) operated by fintech behemoth Ant Financial, rolled out a feature (link in Chinese) called “Ant Charging” for its 700 million users.