China’s Didi Chuxing has expanded its increasingly global empire after it made an investment in Taxify, an Uber-like service that operates in Europe and Africa, as it prepares to launch in London later this year.
According to TechCrunch, the amount invested has not yet been disclosed, but a source close to the deal has suggested it is an eight-figure U.S. dollar sum.
Taxify is headquartered in Estonia, and today it operates in 18 countries, including Hungary, Kenya, Nigeria, Romania and South Africa. The company claims it has 2.5 million users and its services span private cars and licensed taxis.
Besides having bought out Uber in China and built a dominant position at home, Didi has also furthered its network with a series of global expansion partnerships, among them investments in Lyft, India’s Ola and Grab in Southeast Asia. Now Europe can be added to that list because, Didi had not backed an Uber rival in the region until now.
Cheng Wei, CEO, Didi Chuxing said that the investment, which includes a strategic partnership, should help link up transport services in Asia with those in Europe and Africa.