The ride hailing companies have formed a strategic partnership to share resources and expertise which will involve Didi Chuxing investing in Careem.
United Arab Emirates-based on-demand ride platform Careem received an undisclosed amount of funding from China-based counterpart Didi Chuxing yesterday as part of a strategic partnership agreement.
Founded in 2012, Careem operates a mobile app-based ride hailing service that is currently available in 80 cities across 13 countries in the Middle East, Asia and Africa.
The partnership will involve the companies sharing resources and knowledge, as Didi looks to help Careem make its offering more affordable and grow its service.
Careem aims…