Booking Holdings to invest $500mn in Didi Chuxing

By BizClik Admin
Share

Booking Holdings Inc, the travel platform company which owns Booking.com is set to invest $500mn in Chinese ride-hailing company Didi Chuxing.

Booking Holdings owns several travel platforms like the Priceline and Kayak apps as well as Agoda, Rentacars.com and OpenTable.

The investment forms part of a global alliance between Booking Holdings and the ride sharing giant which pushed Uber out of China and has expanded into Mexico and Australia.

See also:

Didi Chuxing to launch in Australia

Are Nissan’s self-driving slippers a sign of Japan’s tourism boom?

Read the latest Asia edition of Business Chief

Didi will offer rides to Booking’s app customers while users of Didi will be able to make hotel reservations using Booking’s platforms. However, the reach of these services has not been detailed.

In a statement, Todd Heinrich, head of corporate at Booking Holdings said: “Didi has clear advantages in technology and scale in the shared mobility industry.”

Stephen Zhu, Vice President of Strategy as Didi said: “Building on its leadership and expertise in the global online travel market, Booking is championing a digital revolution of travel experience. We look forward to seamlessly connecting every segment of the journey and improving everyone’s traveling experience through more collaborative innovation with the booking brands on product, technology and market development.”

Share

Featured Articles

Nirvik Singh, Global COO and President International of Grey Group, cultivating culture and utilising AI to enhance rather than replace human creativity

On a mission to accelerate the adoption of sustainable energy solutions, US$30 billion Chinese tech firm Longi is not just selling solar – but using it

Armed with an ambitious billion-dollar strategy, Samsung is on track to achieve net zero carbon emissions company-wide by 2050 – but challenges persist