China’s two biggest Internet companies, Alibaba and Tencent, have called a truce in their six-month war to capture customers for their respective taxi-hailing apps. Total cost: more than 2 billion renminbi ($325 million), the Financial Times reported. The two sides have cut back in their spending since June after battling to a stalemate, with each … Continue reading China’s Alibaba and Tencent Call Off Taxi-App War