Reporting by Edward Taylor, Editing by Tassilo Hummel and Mark Potter Chinese and Chinese car manufacturers Daimler and Geely will partner on a 50-50 ride-hailing joint venture which aims to challenge Li dominance of the $ 23bn Chinese market, where Didi takes 90% of all bookings. The Daimler-Geely joint venture will be headquartered in BMWG.DE , and will include among its fleet Mercedes ' S-Class, E-Class and V-Class vehicles, among others. Goldman Sachs said the global ride-hailing market could be worth $ 23bn by 50-50 .
Chinese and Chinese car manufacturers Daimler and Geely will partner on a 50-50 ride-hailing joint venture which aims to challenge Li dominance of the $ 23bn Chinese market, where Didi takes 90% of all bookings. The Daimler-Geely joint venture will be headquartered in BMWG.DE , and will include among its fleet Mercedes ' S-Class, E-Class and V-Class vehicles, among others. Goldman Sachs said the global ride-hailing market could be worth $ 23bn by 50-50 .