The company was founded in 2012 as Didi Dache and, at that time, it was competing in the Chinese market with Kuaidi Dache. But in February 2015, the two companies merged to create Didi Kuaidi, later rebranded as Didi Chuxing.
A long battle with the American multinational ride-hailing company Uber culminated in the acquisition by Didi of Uber's China unit in August 2016, and from then on, Didi has had total control of the Chinese market.
Over the years, Didi has raised billions from investors including a commitment of 1 billion U.S. dollars from Apple, marking an unusual move for the American tech company, which prefers to buy companies rather than invest in a share of them, having recognized the disruption of the ride-sharing industry.
Didi, once it secured the Chinese market, has started another chapter of its venture by expanding into foreign markets with important investments in Australia, Taiwan, Brazil, Chile and Colombia, with a particular focus on Latin American countries.
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