Didi's global expansion begins in Brazil


The company bought 99 in a deal that values it at $1 billion. Didi had previously invested in the company as part of its global network of ride-hailing companies. It's now investing $300 million to expand 99 in Brazil and into other parts of Latin America. Didi is also rumored to be vying to buy Bluegogo, the bike-sharing company that fell from grace. Didi is said to have fallen out with Mobike following investments and an integration last year.


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