Tongcheng Buys Control of Dida Chuxing to Close the Last-Mile Gap

Tongcheng Travel completed a tender offer for nearly 89 percent of Dida Chuxing, paying about HK$1.42 billion. The deal keeps Dida as an independent brand while giving the OTA access to a national carpooling network, reflecting a broader industry push to turn ticket bookings into full-journey services.