Didi hits the road with $900m deal for Brazil's 99

China’s ride-hailing giant heads into a new battle with US rival Uber by acquiring Brazilian peer 99. It paid $600m for the stake and pumped $300m into the company, source says.

Danny Leung

January 04, 2018

China’s homegrown ride-hailing app Didi Chuxing is taking its battle against Uber to the international stage after it agreed to acquire its Brazilian counterpart 99 on Thursday, marking the company’s first foray outside the domestic market it dominates.

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