Didi Eyes Global Expansion, Battles Uber Again in Latin America
- Chinese giant launches financial services in Brazil, Mexico
- New safety measures launched globally after passenger deaths
The Didi Chuxing application is displayed on a smartphone screen in Shanghai.
Photographer: Qilai Shen/Bloomberg
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Chinese ride-hailing giant Didi Chuxing launched new financial services in Brazil and Mexico on Wednesday as it expands in Latin America and again confronts Uber Technologies Inc.
The privately-held company, which was last valued at $56 billion and facilitates 30 million rides a day, said it would partner with financial institutions to offer drivers in Mexico and Brazil a bank card allowing them to receive income from daily rides, as well as withdraw cash or make purchases. Riders in Mexico will also be able to top up their Didi balances with cash at Oxxo, the country’s largest convenience store chain.