Jan 5, 2018 - Technology

China's Didi Chuxing acquires Brazilian ride-hailing company 99

iphonedigital / Flickr CC

Chinese ride-hailing company Didi Chuxing said that it has acquired 99 in Brazil, confirming recent reports. Didi invested in 99 last year, and the companies share SoftBank as an investor.

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.

What's next

Honoring Kobe Bryant: Sports stars, politicians and celebrities mourn NBA great

Kobe Bryant on court for the Los Angeles Lakers during the Sprite Slam Dunk Contest on All-Star Saturday Night, part of 2010 NBA All-Star Weekend at American Airlines Center in Dallas in February 2010. Photo: Jed Jacobsohn/Getty Images

Sports stars, politicians and celebrities paid tribute to NBA legend Kobe Bryant, who was killed in a California helicopter crash alongside his 13-year-old daughter, Gianna, and seven others on Saturday. He was 41.

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Bolton alleges in book that Trump tied Ukraine aid to investigations

Photo: Alex Wong/Getty Images

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Why this matters: The revelations present a dramatic 11th hour turn in Trump's Senate impeachment trial. They directly contradict Trump's claim that he never tied the hold-up of Ukrainian aid to his demands for investigations into his political opponent Joe Biden.

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Illustration: Sarah Grillo/Axios

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