The the merger of Uber China with Didi Chuxing is an example of compelling local solutions and services – like Grab – being able to outcompete the services offered by international competitors. Didi is also an investor in Grab, the leading ride-hailing app in the Souteast Asia, which to date has raised over $650 million in funding. Its latest round last year, where it bagged $350 million was at a valuation of around $1.6 billion.
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