China's ride-hailing giant said to be planning expansion to Mexico

Didi Chuxing, China's biggest ride-hailing company, is reportedly planning to expand to Mexico next year as its first location outside of China, according to Reuters. A spokesperson declined to comment to Axios.

Why it matters: Didi's expansion into Mexico will put it squarely into competition with Uber, a long-time rival whose Chinese operations it acquired last year. So far, Didi has only competed with Uber indirectly, as an investor in other ride-hailing companies that rival Uber in their respective regions.