Didi to start its journey to the West in Australia

Didi partially resumes nighttime Hitch service but only for same-sex rides

Didi partially resumes nighttime Hitch service but only for same-sex rides

Stating it is consistent with its "broader mission and strategy, DiDi Australia will offer affordable, reliable and convenient ride-sharing options and create more income-generating opportunities for drivers in local communities where it operates". Unlike Grab, which has seen Didi follow-on its investments, the Chinese firm sat out Ola's most recent fundraising previous year despite making an investment in the company back in 2015. Taking into account globalization as its strategic core, Didi has also continued to grow its foothold in Latin America and Japan in 2018.

The company, which expanded its services to Mexico recently, is in the midst of a major worldwide expansion.

The launch which is scheduled for June 25th in Melbourne, Australia sets Didi up against Uber Technology Inc, its U.S. rival.

Didi's announcement on Friday about the launch shows business deals between China and Australia are being struck as normal even as relations between the two governments have hit a speedbump after the Federal Government proposed anti-foreign interference laws directed at Beijing.

Australian exporters have blamed anti-Beijing rhetoric for delays clearing product through Chinese Customs. Didi is backed by bluechip investors including SoftBank Group Corp and Apple Inc.

The International Monetary Fund warned this week USA tariffs could dent global growth, but according to reports, President Trump is preparing to unveil $50 billion worth of new tariffs on another batch of Chinese imports.

Melbourne, a city of 4.5 million people with cheaper real estate than larger Sydney, is a popular Australian entry point for firms in the "sharing economy". Uber has routinely launched new offerings in the city, while several Chinese and Singapore-owned dockless bicycle rental companies have picked Melbourne to start in Australia.

The Chinese company said it had started recruiting drivers in Melbourne in early June "to warm responses".

The company has been running a beta service around the smaller Australian city of Geelong over the last month and reports that driver recruitment in Melbourne began earlier this month.

Didi Chuxing certainly isn't the first ridesharing company to expand internationally and take aim at a competitor recently.

DiDi says it "believes in the power of combining global technology capabilities with locally-nuanced operations to bring safer, more efficient and innovative mobility services to market", and has "gradually increased its worldwide footprint by recently expanding its services into Greater China and Latin America".

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