Chinese car giants team up on a ridesharing platform

Three of China's largest car brands (Chongqing Changan, Dongfeng and FAW Group) have launched a venture that will create a ridesharing platform. T3 Mobile Travel Services will bring in partners from other fields to create the Uber-style service, and it'll unsurprisingly take advantage of the country's burgeoning self-driving car industry. It may not sound immediately relevant if you live outside of China, but the partnership could have a significant effect on the automotive world. All three of these companies have joint ventures with American and European car brands due to Chinese requirements -- outside manufacturers may not have to participate, but it may be hard to resist the allure of ridesharing in such a giant market. If nothing else, this appears to be a shot across the bow of Didi Chuxing, China's dominant ridesharing provider and one of the largest companies of its kind anywhere in the world.