Jul 17, 2018

Booking Holdings invests in China's Didi Chuxing

Didi Chuxing app. Photo: Zhang Peng/LightRocket via Getty Images

Bookings Holdings, the parent company of travel sites like Priceline and Kayak, has invested $500 million in Chinese ride-hailing giant Didi Chuxing. The companies will also make each other's services available to their respective customers as part of the deal.

Why it matters: Accommodations is a natural extension of Didi Chuxing's ambitions to be more than a service for on-demand car rides, and fits with its ongoing global expansion beyond China.

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Coronavirus spreads to new countries, while U.S. confirms 57 cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Public health officials confirmed Tuesday the U.S. has 57 people with the novel coronavirus, mostly those repatriated from the Diamond Princess cruise ship — an increase they had expected after the passengers were allowed to return home from Japan against their initial advice.

The big picture: COVID-19 has killed more than 2,700 people and infected more than 80,000 others, mostly in mainland China. There's only been two cases of person-to-person infections in the U.S. so far, but the Centers for Disease Control and Prevention warned today that Americans should prepare for the outbreak to broaden here.

Go deeperArrowUpdated 44 mins ago - Health

Space tourism gets ready for launch

Illustration: Sarah Grillo/Axios

Multiple space tourism companies are aiming to send their first customers to the edge of space before the end of this year.

Why it matters: Right now, most revenue in the space industry is tied up in government contracts, but experts say the maturing industry will need tourism to grow into the $1 trillion economy some predict it could be.

Go deeperArrow2 hours ago - Science