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Alibaba, Baidu Invest in Chinese Taxi Apps

The rapid rise of location-based services (LBS) on the Internet is spawning a new generation of start-up companies, with taxi finders one of the latest to join the trend. Such apps use GPS technology to create services that rely on a person’s location, such as helping that person to find nearby restaurants or shops. Just this week a friend was telling me about one such new LBS to help frustrated consumers find taxis, and now we’re reading about two other companies that are moving onto the investor radar with their own new tie-ups.   More