Chinese ride-hailing firm Didi Chuxing invests in Careem
The investment is part of a new partnership agreement between the two companies
An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. PHOTO: REUTERS
DUBAI:
Chinese ride-sharing firm Didi Chuxing has invested in Middle East ride-hailing firm Careem as part of a new partnership agreement between the two companies.
Didi is investing in Careem to strengthen the Dubai-based company's position in the market and improve its services, the two companies said in a statement.
Careem becomes first ride-hailing service to operate in Palestinian West Bank
An investment figure was not provided.
The two companies will also collaborate by sharing information on transportation technology, product development, and operations, the statement said.
Careem’s regressive initiative
Careem, a Middle East rival to Uber Technologies Inc, offers services to 12 million customers in 13 countries, predominantly in the Middle East, the company said.
Didi offers services to more than 400 million users, according to the company. It acquired Uber China in August 2016.
Chinese ride-sharing firm Didi Chuxing has invested in Middle East ride-hailing firm Careem as part of a new partnership agreement between the two companies.
Didi is investing in Careem to strengthen the Dubai-based company's position in the market and improve its services, the two companies said in a statement.
Careem becomes first ride-hailing service to operate in Palestinian West Bank
An investment figure was not provided.
The two companies will also collaborate by sharing information on transportation technology, product development, and operations, the statement said.
Careem’s regressive initiative
Careem, a Middle East rival to Uber Technologies Inc, offers services to 12 million customers in 13 countries, predominantly in the Middle East, the company said.
Didi offers services to more than 400 million users, according to the company. It acquired Uber China in August 2016.