The taxi booking market in China is growing rapidly and getting fiercely competitive.
Kuaidadi, a mobile-based taxi booking service in China has confirmed a $100 million investment to Tnooz.
China-based ecommerce group Alibaba, is said to be investing the majority of the round and is also providing a payment tool, online map and other support. A handful of other investors are also involved.
The story doesn't end there - Kuaidadi also confirmed it has acquired Dahuangfeng, a Shanghai-based taxi booking app.
The company claims that with this acquisition, it has become China's largest taxi booking player.
Alibaba was one of the first-round investors in Kuaidadi and it has invested $10 million prior to this latest round.
Finally, convergence is starting to happen in China.
Competitors of Kuaidadi include Yaoyao Zhaoche and Didi Dache.
The latter has been integrated into Baidu Maps, which has about 200 million users and is backed by Tencent.
Recently, Uber also launched its service in China.
Earlier we reported about the advancements Alibaba group has been making in the China travel industry. The investment in Kuaidadi further strengthens Alibaba's presence in China.
Kuaidadi was founded in May 2012, and is present in more than 20 cities in China. Dahuangfeng was launched in April 2013.