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在线翻译:
szdaily -> Business -> 
Didi gets funding from Booking.com parent
    2018-07-19  08:53    Shenzhen Daily

RIDE-HAILING app Didi Chuxing has received a US$500 million investment from U.S. travel firm Booking Holdings Inc., in a boost for its aggressive plan to enter new markets outside China.

The two firms announced the investment in a joint statement Tuesday but its details were not disclosed. Didi, which is expected to launch an initial public offering some time, is currently valued at US$56 billion.

Booking Holdings, which changed its name from Priceline Group Inc. earlier this year, will allow users in its apps to hail Didi cars as part of the agreement, they said.

The new funds come as Didi is expanding heavily into several new overseas markets, where it hopes to challenge U.S. ride-hailing giant Uber Technologies Inc.

The company has recently launched services in Mexico, Australia and Japan, fueled by a US$4 billion funding round in December that was earmarked for new markets as well as artificial intelligence (AI).

Booking Holdings oversees some of the world’s most popular travel booking sites including Bookings.com, Agoda.com, KAYAK and Priceline.com.

Didi users will also have access to Booking Holdings’ services through Didi, the Chinese company said.(SD-Agencies)

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