China's Didi Kuaidi may back India's Ola to take on its biggest rival Uber

China's Didi Kuaidi may back India's Ola to take on its biggest rival Uber

Visual sourced from the Olacabs website

China’s largest taxi-aggregator app Didi Kuaidi, which is backed by e-commerce giant Alibaba, may invest in homegrown Ola to take on its cash-rich rival Uber, as per a report in The Times of India.

Didi’s investment in Bangalore-headquartered Ola comes close on the heels of it picking stakes in San Francisco-based Lyft and Malaysia’s GrabTaxi, signalling a global alliance against San Francisco-based Uber, currently the world’s most valuable start-up at $51 billion.

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