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Chinese “Didi” launches its services to compete with “Uber” in Egypt

September 7, 2021
Source: africapulse.com africapulse.com
News Snapshot:
[Chinese “Didi” launches its services to compete with “Uber” in Egypt] DiDi, a Chinese transportation technology platform, has officially launched its services in the Middle East, and will start providing Waslny, Waslny Plus and Didi Express services in Alexandria on September 13, according to a statement. Uber owns a 12% stake in China’s Didi, making it the second largest investor in the company after SoftBank, according to a CNBC report. Didi is one of China’s largest companies, and the Beijing government seeks to control it by investing in state-owned companies. The entry of the Chinese smart transportation giant is expected...
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Tags: acquisition | ASIA | Beijing | Careem | Chinese | CNBC | data | Didi | discount | Egypt | finance | financial | Giant | government | HERE | investor | IT | media | media intelligence | media monitoring | Middle East | monitoring | package | platform | technology

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