Didi procures $500 million investment from global travel firm Booking Holdings

Shanghai (Gasgoo)- Chinese ride-hailing giant Didi Chuxing and Booking Holdings, the global leader in travel e-commerce, announced on July 17 that two companies have formed a strategic partnership to build up across-the-board mobility service ecosystem. Meanwhile, Didi Chuxing has received a $ 500million worth of investment from Booking Holdings.

Under the partnership, Didi Chuxing and Booking Holdings will provide users with more comprehensive and personalized travelling experience by making use of their technical capabilities and operating expertise in local market. Booking Holdings will be able to supply Didi Chuxing's ride-hailing service through its apps, and Didi's users can book hotels through Booking.com and Agoda, which are operated by Booking Holdings.

Booking Holdings is a global leader in online travel that is committed to providing relevant services for customers and partners in over 220 countries and regions by virtue of six major platforms, namely, Booking.com, agoda.com, KAYAK, Priceline.com, Rentalcars.com and OpenTable. 

As a unicorn in China's car-sharing domain, Didi offers a full range of mobility services for around 550 million registered users, including taxi, hitch, chauffer, bike and food delivery, etc. Based on big data and AI technologies, the company is developing its mobility service and intelligent transportation businesses in China, South America, Australia and Japan.