China's Didi Takes on Rival Uber in Europe

  • Deal with Taxify marks Didi’s first major move into Europe
  • Taxify eyes push in cities like London, Paris, CEO says

China's Didi and Rival Uber Go Head-to-Head in Europe

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Uber Technologies Inc. and Didi Chuxing are once again going head-to-head, this time in Estonia.

The Chinese giant with a multi billion-dollar war chest is backing Estonia’s Taxify OU with a financial investment and support on technology developments, the companies saidBloomberg Terminal Tuesday. The partnership --Didi’s first major move into Europe-- will give Taxify a boost to grow in cities from Prague to London and launch in cities including Paris in the coming months, founder Markus Villig said.