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Anti-Uber gang grows: Didi in $100m funding for Brazilian ride-hailing app

Uber's rivals have vowed to make their apps inter-operable around the world, reports Tech in Asia

Steven Millward 

Didi Chuxing, China’s top ride-hailing app, has invested in a similar app in Brazil called 99, the Beijing-based firm said on Thursday. Formerly 99Taxis, the start-up got an undisclosed sum as part of the new partnership. A source close to the deal says 99 raised $100 million, with Didi leading the round. It comes 16 months after Didi put $100 million into US-based Lyft. Didi, valued at about $30 billion after raising over $10 billion from investors (including Apple), adds muscle to 99’s fight against Uber in Brazil — as well as its mooted expansion ...

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Anti-Uber gang grows: Didi in $100m funding for Brazilian ride-hailing app

Uber's rivals have vowed to make their apps inter-operable around the world, reports Tech in Asia

Uber's rivals have vowed to make their apps inter-operable around the world, reports Tech in Asia Didi Chuxing, China’s top ride-hailing app, has invested in a similar app in Brazil called 99, the Beijing-based firm said on Thursday. Formerly 99Taxis, the start-up got an undisclosed sum as part of the new partnership. A source close to the deal says 99 raised $100 million, with Didi leading the round. It comes 16 months after Didi put $100 million into US-based Lyft. Didi, valued at about $30 billion after raising over $10 billion from investors (including Apple), adds muscle to 99’s fight against Uber in Brazil — as well as its mooted expansion ... image
Business Standard
177 22

Anti-Uber gang grows: Didi in $100m funding for Brazilian ride-hailing app

Uber's rivals have vowed to make their apps inter-operable around the world, reports Tech in Asia

Didi Chuxing, China’s top ride-hailing app, has invested in a similar app in Brazil called 99, the Beijing-based firm said on Thursday. Formerly 99Taxis, the start-up got an undisclosed sum as part of the new partnership. A source close to the deal says 99 raised $100 million, with Didi leading the round. It comes 16 months after Didi put $100 million into US-based Lyft. Didi, valued at about $30 billion after raising over $10 billion from investors (including Apple), adds muscle to 99’s fight against Uber in Brazil — as well as its mooted expansion ...

image
Business Standard
177 22