China's Didi teams with for $500mn investment | 7/17/2018 | Staff
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Chinese ride-sharing giant Didi Chuxing landed a $500 million investment from Booking Holdings, owner of and similar sites, in a tie-up that will see the companies offer their services on each other's platforms, they said Tuesday.

The deal comes as Didi—China's version of Uber—fights off upstart rivals at home while taking on Uber overseas.

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The partnership will allow users of Booking's online travel brands—including Kayak, Priceline, and Agoda—to hail cars while Didi customers will be able to book hotel stays and other services through those platforms.

"We believe that together we can offer smarter transportation services to our brands' customers," said Todd Henrich, head of corporate development for Booking Holdings.

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Chinese food delivery giant Meituan Dianping, as...
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