Comment on Didi Kuaidi Steps Up Globalization With Investment In Indian Ridesharing App Ola by Didi Chuxing ends US experiment, encourages users to download Lyft - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-09-28 00:00:00

Didi Kuaidi, Uber’s dominant Chinese rival, today confirmed it has made an investment in India’s top ride-hailing app Ola. The news comes from Didi Kuaidi, which did not specify the funding size. As a part of its international ride-sharing collaboration program, Didi Kuaidi just inked a strategic investment and business partnership with Lyft, Uber’s arch-rival in the U.S. The investment in Ola adds a leg up to Didi Kuaidi in its competition against Uber as they grapple for market share beyond Chinese market. Moreover, Didi Kuaidi’s global partnership is not only limited to its home turf in ride-sharing sector.