number of overseas cities that Didi has extended businesses to
“It will enable Careem to more effectively pursue growth opportunities through continued innovation and sustainability,” Sheikha said.
He added that the cooperation would also provide the region with huge support to develop and leap-frog traditional infrastructure.
Didi has already extended its overseas businesses to more than 1,000 cities across North America, South America, Southeast Asia and South Asia, according to company figures.
Didi is pushing to boost its global presence, mainly through partnerships and investments with global ridehailing companies. It has invested in Lyft, Grabtaxi, Uber, Taxify and Careem and other ride-hailing platforms from different countries and regions including the United States, India and Brazil.
The company said it would continue to advance its internationalization strategy to bring homegrown innovation from China to new markets in the future.
Zhang Xu, an analyst from Beijing-based internet consultancy Analysys, said the recent moves underscored Didi Chuxing’s ambitious goal to expand globally.
“With its unique partnerships and investment mode to grow its global networks, Didi will work more efficiently and have a better understanding of the local markets compared with its rival,” Zhang said.
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