The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Toyota Motor Corp will inject $600 million into Didi Chuxing and help the Chinese company set up a car fleet management venture, bankrolling the loss-making ride-hailing giant’s expansion.
The Japanese auto-maker will work with Didi to provide services including rental and car maintenance.
Toyota will use its connected-car technology and intelligent analysis to help bolster Didi’s business, the partners said in a statement.
Toyota is investing in a company that has endured a series of setbacks over the past year.