Deals
Didi, Lyft Enter Four-Way Alliance to Take on Uber for Rides
- Ola, GrabTaxi complete global ride-hailing partnership
- Customers can use home-country app overseas to book rides
Uber Said to Seek $2.1 Billion in New Funding Round
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Four ride-sharing service providers are forging an alliance in a bid to counter Uber Technologies Inc.’s growing global presence.
Uber’s American rival Lyft Inc., China’s Didi Kuaidi, India’s Ola and Southeast Asian taxi-booking app GrabTaxi teamed up to offer users traveling overseas seamless access to rides via the same application they use back home. The group will begin introducing joint products in the first quarter of next year, according to a joint statement.