didi

Didi Chuxing Technology Co., (stylised DiDi, Chinese: 滴滴出行; pinyin: Dīdī Chūxíng, pronounced [tɨ́tɨ́ ʈʂʰúɕɪ̌ŋ]), formerly Didi Kuaidi (Chinese: 滴滴快的), is a Chinese ride-sharing, artificial intelligence (AI) and autonomous technology conglomerate. It is headquartered in Beijing. It provides services including taxi hailing, private car hailing, social ride-sharing, bike sharing and food delivery to users in China via a smartphone application.Formed from the merger of rival firms Didi Dache and Kuaidi Dache (backed by two major Chinese Internet companies, Tencent and Alibaba respectively), it was initially valued (as of June 2016) at approximately US$28 billion. DiDi acquired Uber's China unit in 2016. In December 2017, DiDi closed a US$4 billion financing round, becoming the 2nd most valuable start-up company in the world after Ant Financial, with over US$56 billion worth of valuation, and backed by over 100 investors.DiDi is the world's leading and most valuable ride-sharing service, with a monopolistic investment and M&A portfolio in the ride and bike sharing industry across the globe. The company carries 30 million rides per day.In May 2017, DiDi started to develop an English version of its app and services. In 2018, DiDi launched its own-branded mobility services in Mexico and Australia, and a joint venture with Soft Bank Corp. to offer taxi-hailing service in Japan. Recently, it has also been involved in autonomous driving and artificial intelligence (AI), hiring researchers and investing in these areas.

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