Courtesy of Careem

Chinese transportation giant Didi Chuxing has invested an undisclosed amount of funding into Careem, a Dubai-based ride-hailing company that operates in the Middle East and North Africa, as part of a new partnership. Careem recently raised $500 million in funding from Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding, Daimler, DCM Ventures, and Coatue Management, among others, valuing the company at over $1 billion.

Didi's global game: Didi has already put money into Southeast Asia's Grab, India's Ola, 99 in Latin America, Taxify in Europe and Africa, and Lyft in the U.S. The company has been aggressively investing in and forging partnerships with local players, undoubtedly as part of its ambitions to "play a global game," as president Jean Liu said last year. This strategy also pits it against Uber, which operates in most parts of the world, and in which Didi has a stake thanks to a merger last summer with the company's Chinese operations.

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Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 20,755,406 — Total deaths: 752,225— Total recoveries: 12,917,934Map.
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  4. 2020: Biden calls for 3-month national mask mandateBiden and Harris to receive coronavirus briefings 4 times a week.
  5. States: Georgia Gov. Brian Kemp to drop lawsuit over Atlanta's mask mandate.
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  7. Public health: Fauci's guidance on pre-vaccine coronavirus treatments Cases are falling, but don't get too comfortable.

Trump says he intends to give RNC speech on White House lawn

President Trump speaking to reporters on South Lawn in July. Photo: Jabin Botsford/The Washington Post via Getty Images

President Trump told the New York Post on Thursday that he plans to deliver his Republican National Convention speech from the White House lawn, despite bipartisan criticism of the optics and legality of the location.

Why it matters: Previous presidents avoided blurring staged campaign-style events — like party conventions — with official business of governing on the White House premises, per Politico.

Fauci's guidance on pre-vaccine coronavirus treatments

Illustration: Aïda Amer/Axios

Antibody drugs and various medicine cocktails against the coronavirus are progressing and may provide some relief before vaccines.

The big picture: Everyone wants to know how and when they can return to "normal" life, as vaccines are not expected to be ready for most Americans for at least a year. Two therapies are known to be helpful, and more could be announced by late September, NIAID Director Anthony Fauci tells Axios.