08 Aug

China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East

 A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. The size of the investment was not disclosed. Yes, Didi is backing yet another Uber rival in another corner of the world. Aside from Taxify, the Europe… Read More
Source: TechCrunch – Funding and Exits

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