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

Topic |   Didi Chuxing

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The 99 app. The acquisition intensifies Didi’s global rivalry with Uber. Photo: Reuters
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