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China's Didi Firms Up Anti-Uber Alliance, Invests In Indian App Ola

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A taxi driver is reflected on a side mirror as he uses Didi Chuxing car-hailing application in BeijingSHANGHAI/BEIJING (Reuters) - China's most popular ride-hailing app Didi Kuaidi said on Monday it has invested in Indian peer Ola, forging a new alliance within a network of companies challenging U.S. rival Uber Technologies Inc [uBER.UL]. Didi joins existing investors including SoftBank Corp, Falcon Edge, Singapore sovereign wealth fund GIC [GIC.UL] and Tiger Global Management. A spokesman for Didi declined to specify the size of the investment.




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