DiDi Chuxing Invests in Careem

ArabNet Team, Aug 08 2017

DiDi Chuxing, China’s largest mobile transportation platform, announced that it has invested in MENA’s Uber rival, Careem. Both parties did not reveal the size of the investment.

The investment will enable Careem to share knowledge and resources about various topics, including intelligent transportation technology, products and operations, helping to accelerate mobility in the region, and to sustain innovation and community engagement.

DiDi Chuxing serves more than 400M users in 400 cities with over 20M rides per day, and is on a mission to build an open and sustainable global mobility ecosystem to advance transportation technology and product innovations. 

“Growing urban populations and economic and social diversity in the MENA region present enormous opportunities for the ride-hailing economy,” said Cheng Wei, founder and CEO of Didi Chuxing. “Careem is the region’s technology and market leader. Through technology exchange and co-development, we look to support continued growth and transformation of the region’s transportation industry, tap into the significant potential of the local internet economy and foster more innovative services for a broader network of communities around the world."

 

Comments   

Catch up on what you've missed