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China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East
#HTE
A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. The size of the investment was not disclosed. Yes, Didi is backing yet another Uber rival in another corner of the world. Aside from Taxify, the Europe… Read More
https://techcrunch.com/2017/08/07/didi-backs-careem/?ncid=rss
A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. The size of the investment was not disclosed. Yes, Didi is backing yet another Uber rival in another corner of the world. Aside from Taxify, the Europe… Read Morehttps://techcrunch.com/2017/08/07/didi-backs-careem/?ncid=rss