How the ride-hail companies are all connected
The ride-hailing web got even more tangled this week, when China's Didi Chuxing purchased Brazil's 99. Not only was this a SoftBank-backed ride-hail company buying another SoftBank-backed ride-hail company, but it was a company in which Uber is a major shareholder buying a company that views Uber as its top rival.
Below is an updated version of a graphic we first ran in May. In addition to Didi-99, changes include Alphabet's investment into Lyft and SoftBank's expected purchase of a large stake in Uber.