Didi Chuxing enters Europe and Africa after investing in Taxify
China ride-sharing company Didi Chuxing has expanded into Europe and Africa after it made an undisclosed amount of investment in Taxify, an Estonian-based ride-sharing operator.
Didi Chuxing has expanded into Europe and Africa
Despite only being founded three years ago, Taxify is already operating in 18 countries and 25 cities in Europe, Africa, Western Asia and Mexico, and claims to have 2.5 million users.
According to Tech Crunch, the move into Europe for Didi comes after investments in Southeast Asia with Lyft, Ola and Grab, as well as in South America with Brazilian ride-sharing start-up, Brazil 99.
Cheng Wei, chief executive officer of Didi, believes that the investment in Taxify will link up transport services in Asia with those in Europe and Africa, and develop smarter products.
Last year, Didi became the market leader in China after merging Uber’s Mainland operations with its own.