China’s Didi backs Uber rival Careem to expand its global footprint into the Middle East

Jon Russell, writing for TechCrunch;

A week after its first investment in Europe, Chinese ride-sharing giant Didi Chuxing is spreading its wings once again after it announced a financing deal with Careem, an Uber rival in the Middle East that is valued at more than $1 billion. The size of the investment was not disclosed.

Didi Chuxing appears to be investing to every ride-sharing startups in every region, except for Uber.