Booking Holdings invests USD 500 million in Didi Chuxing

Didi Chuxing (DiDi), China’s mobile transportation platform, and Booking Holdings today announced that the two parties have entered into a strategic partnership.

Under the partnership, DiDi and Booking Holdings will leverage their technology capabilities and local operating expertise to offer more comprehensive and personalised travel. With the partnership, Booking Holdings’ brands will have the ability to offer on-demand car service through their apps, powered by DiDi, and DiDi customers will have the option to book hotels through Booking.com or agoda.

In addition, Booking Holdings has invested USD 500 million in DiDi, recognizing DiDi as a leader in the mobile transportation industry.

“Improving everyone’s traveling experience through more collaborative innovation”

Stephen Zhu, vice president for strategy of Didi Chuxing, said: “Building on its leadership and expertise in the global online travel market, Booking is championing a digital revolution of travel experience. We look forward to seamlessly connecting every segment of the journey and improving everyone’s traveling experience through more collaborative innovation with the Booking brands on product, technology and market development.”

Todd Henrich, SVP and head of corporate development for Booking Holdings, added: “DiDi has clear advantages in technology and scale in the shared mobility industry. We believe that together we can offer smarter transportation services to our brands’ customers, and help DiDi’s customers with seamless access to the products and services the brands in our company provide throughout the world.”

Booking Holdings serves users and partners in more than 220 countries and territories through its major brands including Booking.com, agoda.com, KAYAK, priceline, Rentalcars.com and OpenTable.

DiDi offers a range of app-based transportation services for over 550 million users across China, South America, Australia and Japan markets. Products includeTaxi, Express, Premier, Luxe, Hitch, Bus, Minibus, Designated Driving, Enterprise Solutions, Bike and food delivery. Daily rides have reached 30 million, allowing over 21 million drivers on the DiDi platform to find work opportunities.

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