Venture Houston 2018
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8 January 2018

Big Deal: Didi Chuxing buys a 99

Didi Chuxing's reported $600m acquisition of a majority stake in its Brazilian counterpart indicates a new level to its expansion plans.

Author: Robert Lavine, News Editor

On-demand ride service Didi Chuxing took a big step forward in meeting its global ambitions last week by paying a reported $600m for a majority stake in Brazil-based ride hailing platform 99.