The 99 app. The acquisition intensifies Didi’s global rivalry with Uber. Photo: Reuters
China’s Didi Chuxing acquires control of Brazilian ride-hailing app 99 for US$1 billion
Investors bought out by Didi include Riverwood Capital, Qualcomm Ventures and Softbank Group
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Didi Chuxing
The 99 app. The acquisition intensifies Didi’s global rivalry with Uber. Photo: Reuters