Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers will have the option to book hotels through Booking.com and its sister site Agoda. The deal isn’t about money. Didi has said publicly that it

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