Car giant is latest big name to invest in ride hailing app Didi Chuxing
DiDi Chuxing
Latest in DiDi Chuxing
Abu Dhabi
Consumers will be ultimate winners of Uber-Didi Chuxing rivalry, says Fadi Ghandour
Didi’s entrance to the Middle East was “inevitable” but will result in affordable pricing for users
China
Opinion: Why Mohamed Alabbar is about to take Uber for a ride
He’s reinvented himself as a tech man, and now Mohamed Alabbar has partnered with China’s ride-hailing giant Didi Chuxing to give Western competitors a run for their money – and keep the dirham where it belongs
Aramex
Chinese ride-hailing app Didi to set up JV venture in Abu Dhabi
Beijing-based mobile transportation platform with 550 million users signs partnership agreement with Symphony Investment
Al Tayyar Group
Al Tayyar, Kingdom Holding cash in on Careem investments after Uber acquisition
Other investors include Wamda Capital, Kuwait Investment Authority and STC Ventures
Careem
Dubai’s Careem to remain independent despite Uber interest, says co-founder
Co-founder Magnus Olsson hinted the Dubai ride-hailing app will opt out of acquisition offers by US rival Uber and Chinese firm Didi Chuxing
Careem
Five things to know about Uber’s regional rivals
The ride-hailing app might dominate the headlines but is it beginning to lose out on the street?
Careem
How is Careem worth $1.2bn?
Opinion: The Middle East-based ride-hailing service this summer closed $150m in private financing. This latest investment round values the company at more than $1.2bn. Here’s how the sums add up