Didi Kuaidi takes stake in India's Ola
By Meng Jing | China Daily | Updated: 2015-09-29 08:13
Move part of plan to form global network of partnerships in the car-hailing market
Didi Kuaidi, China's largest mobile-based car-booking company, has invested in its Indian counterpart Ola - the latest in a string of investments made to form a network of global partnerships.
The company said in a statement on Monday it had joined other investors, including SoftBank Corp and Tiger Global Management, in a fundraising round for Ola, which is the largest taxi-hailing service platform owned by ANI Technologies Pvt Ltd.
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