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# Petal Chuxing

<http://petalchuxing.com/> ?? Not yet trading

### Ownership

* Huawei

"Chinese telecom giant Huawei is entering the ride-sharing market with the launch of a standalone car-hailing app “Petal Chuxing.” The company looks for ways to expand its car-related business and diversify revenue sources as sales of its smartphones slow."

"Huawei’s foray into ride-hailing is a natural extension of the company’s ambition to become a key player in the automotive space as the autonomous ride-hailing service has the potential to make up a significant percentage of new car sales in the long run."

**Source**: <https://technode.com/2022/07/11/huawei-enters-ride-hailing-service-business-in-china-report/>