Didi Chuxing (DIDI) and Booking Holdings (NASDAQ:BKNG) entered into a strategic partnership, for leveraging their technology capabilities and local operating expertise to offer more comprehensive and personalized quality travel experiences across the world.
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 $500M in DiDi.
BKNG +0.13% premarket.
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