Overview
Shouqi Yueche is the ride-hailing platform of Shouqi Group, operated by Shouyue Technology (Beijing) Co., Ltd. It launched in Beijing in September 2015, offering mid-to-high-end ride-hailing with government-licensed commercial vehicles and certified drivers.
History
Within two years of launch the service covered more than 50 cities nationwide with over 60,000 vehicles and obtained compliance qualifications in cities including Beijing, Hangzhou, Chongqing and Nanjing; in February 2017 it received Beijing's first ride-hailing operating licence. In November 2017 it announced about RMB 700 million in B+ round financing from Baidu, NIO Capital and Silkroad Huachuang.
Partnership with Baidu
On 26 October 2017 Shouqi Yueche and Baidu announced a strategic partnership. Baidu supplied a full set of solutions including Baidu Maps, the conversational AI system DuerOS and the Apollo platform, while Shouqi Yueche was to commercialise autonomous driving and connected car services on its own platform and help Baidu develop high-definition maps for autonomous driving.