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4 January 2018

Didi Chuxing digs out $600m for 99

The on-demand ride provider reportedly now owns a 90% share of its Brazilian counterpart, whose investors also included Qualcomm and SoftBank.

Author: Robert Lavine, News Editor

China-headquartered ride hailing platform Didi Chuxing acquired a majority stake in Brazil-based counterpart and portfolio company 99 yesterday, with the New York Times reporting it paid $600m.