Two of Uber’s biggest competitors have formed a global alliance, presenting the San Francisco-based ride-hailing company with its most formidable competition to date.
Lyft and Didi Kuaidi, the biggest Uber competitors in the US and in China respectively, will allow each company’s customers to use the other’s services when travelling, as a part of a broader co-operation agreement.
This year Didi also invested $100m in Lyft, in a financing round led by Rakuten that included Chinese internet groups Alibaba and Tencent.
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