(Yicai Global) Dec. 18 -- Alibaba Group Holding and Contemporary Amperex Technology have invested in Xiangdao Chuxing, the ride-hailing service of SAIC Motor, the Shanghai Securities News reported, citing SAIC Chairman Chen Hong.

The report gave no further details on the financial backing the two-year-old mobility platform has received from China’s biggest e-commerce player and the world’s biggest producer of batteries for electric cars.

Bloomberg News reported earlier that Alibaba and CATL had participated in a new financing round, which may total about CNY300 million (USD45.9 million).

Editor: Tom Litting