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Didi Kuaidi invests US$100m in Lyft
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DIDI Kuaidi, China’s largest ride-hailing application, said yesterday that it has invested US$100 million in its US counterpart Lyft and formed a strategic partnership with it.
The tie-up seeks to achieve synergies in product innovation and user experience and will also offer cross-platform services for current users who travel to overseas destinations.
But the partners did not elaborate.
Didi Kuaidi President Jean Liu said in a statement: “The partnership with Lyft enables us to join forces in rapidly advancing global innovation and growth.”
Lyft co-founder John Zimmer said at a press conference yesterday that the partnership offered the “best way to provide a seamless experience for our users and Didi Kuaidi’s when they travel.”
Didi Kuaidi is aggressively moving into new areas such as limousines, car pooling and chauffeur services. It aims to serve more than 30 million passengers and 10 million drivers on an average day within three years.
Lyft, which operates in 65 cities across the United States, has also received funding from other investors.
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