China's Didi Chuxing acquires Brazilian ride-hailing company 99
iphonedigital / Flickr CC
Why it matters: Didi is now back to competing with Uber, this time in Brazil. The two ended their expensive rivalry in 2016 after Uber sold its Chinese operations to Didi, in exchange for an ownership stake.
Didi Chuxing president Jean Liu said later that year that her company plans "play a global game" and that it believes in "local players," hinting that more partnerships, investments, and acquisitions are in its future.