Didi-Owned Brazilian Ride-Hailing App Completes 1 Billion Trips

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By Ding Yi / Feb 01, 2020 05:01 AM / Business & Tech

Photo: VCG

Brazil-based ride-sharing app 99 Taxis, a unit of China’s Didi Chuxing, completed 1 billion trips through its platform, the company said Thursday.

Currently, 99 Taxis works with about 600,000 drivers to serve 18 million users across 1,600 cities including Sao Paulo, Rio de Janeiro and Belo Horizonte, the company said in a statement emailed to Caixin.

In 2018, Didi bought a controlling stake in 99 Taxis in a deal that valued the Brazilian startup at more than $1 billion. The transaction marked Didi’s entry into Latin America, where Uber also operates.

Didi announced plans earlier this week to put a fleet of hybrid and electric vehicles into operation in Mexico this year as part of broader plans to roll out more mobility services in the Latin American country.

Didi also offers its own branded ride-hailing and food delivery services in several other Latin American countries including Chile, Colombia and Costa Rica.

Contact reporter Ding Yi (yiding@caixin.com)

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