Didi_Chuxing.

Didi Chuxing Picks Controlling Stake in Brazilian Ride Hailing firm ‘99’

Didi Chuxing buys controlling stake in Brazilian ride hailing firm ‘99.’ Chinese ride hailing giant Didi Chuxing has picked up a controlling stake in Brazilian ride hailing firm 99, according to news agency Reuters. A report in Techcrunch, later, claimed that Didi has officially confirmed the deal. The development signals Didi Chuxing’s global ambition as it…

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Didi Chuxing Raises $4B in Fresh Funding for AI and International Expansion

Didi Chuxing raises $13 billion in fresh round. Chinese ride-hailing giant Didi Chuxing today announced that it has scooped up $4 billion from various investors in a fresh funding round. These funds will be used for several initiatives including international expansion and strengthening research in Artificial Intelligence (AI) development. The details of the investors were not revealed,…

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