In April this year, Chinese car rental service eHi Car Services invested US$25 million in Kuaidi Dache’s subscribing series B preferred shares, through eHi’s wholly owned subsidiary Elite Plus Developments Limited, taking an 8.4% stake in the taxi app. As the largest shareholder of eHi, Ctrip also led a US$ 60 million round in Chinese car rental service Yonche. Kuaidi Dache and Didi Dache, venture-backed by Alibaba and Tencent respectively, have stood out from the series of Chinese taxi apps amidst the fierce land-grabbing battles in the Chinese taxi app industry last year. Although the taxi app sector is generally considered a money-burner, it is still attracting massive investment from venture capitalists. Take a look here to find out why Chinese investors are willing to take bold bets on the taxi app business.