Michelin has invested in the Chinese start-up company Luli Information Technology, based in Shanghai.
Luli was set up in 2014 to develop applications for vehicle ride-sharing services in China, and created the app Lu You Tong Xing
Michelin said its investment, through the French global tyre maker’s Incubator programme, will help Luli develop more products in a market where ride-sharing is growing in popularity.
Jean-Claude Zhang, chief executive of Luli Information Technology said Michelin’s investme