{"id":642247,"date":"2017-08-09T04:12:12","date_gmt":"2017-08-09T04:12:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/"},"modified":"2017-08-09T04:12:12","modified_gmt":"2017-08-09T04:12:12","slug":"didi-chuxing-invests-in-careem","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/","title":{"rendered":"DiDi Chuxing invests in Careem"},"content":{"rendered":"<p><strong>DiDi Chuxing\u2019s war with Uber took a new turn as the Chinese outfit invested in <\/strong><strong>regional rival Careem.<\/strong> The China-based ride-sharing company announced on Tuesday it would be investing in Careem, but both companies are being tight-lipped about the details of the transaction. DiDi has been stepping up its investments with Uber\u2019s rivals, including<a href=\"https:\/\/enterprise.press\/stories\/2017\/08\/03\/what-were-tracking-on-03-august-2017\/\">an agreement with Estonia-based taxi aggregator Taxify<\/a> earlier this month. Similar agreements were signed in the US with Uber\u2019s main competitor there Lyft, <a href=\"http:\/\/www.reuters.com\/article\/us-careem-didi-idUSKBN1AO0N8\">according to Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DiDi Chuxing\u2019s war with Uber took a new turn as the Chinese outfit invested in regional rival Careem. The China-based ride-sharing company announced on Tuesday it would be investing in Careem, but both companies are being tight-lipped about the details of the transaction. DiDi has been stepping up its investments with Uber\u2019s rivals, includingan agreement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642247","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"db277d7e-495b-4f95-b7af-03b3e3532ef1","order":"0","is_powered_by":true,"section_story_id":"3282ca9b-dcb2-4cc5-bdea-79c380e5a26c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642231],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>DiDi Chuxing invests in Careem - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DiDi Chuxing invests in Careem\" \/>\n<meta property=\"og:description\" content=\"DiDi Chuxing\u2019s war with Uber took a new turn as the Chinese outfit invested in regional rival Careem. The China-based ride-sharing company announced on Tuesday it would be investing in Careem, but both companies are being tight-lipped about the details of the transaction. DiDi has been stepping up its investments with Uber\u2019s rivals, includingan agreement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-09T04:12:12+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"DiDi Chuxing invests in Careem\",\"datePublished\":\"2017-08-09T04:12:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\",\"name\":\"DiDi Chuxing invests in Careem - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-09T04:12:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"DiDi Chuxing invests in Careem\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"DiDi Chuxing invests in Careem - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/didi-chuxing-invests-in-careem\/","og_locale":"en_US","og_type":"article","og_title":"DiDi Chuxing invests in Careem","og_description":"DiDi Chuxing\u2019s war with Uber took a new turn as the Chinese outfit invested in regional rival Careem. 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The company has struggled to gain a foothold in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":597774,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/05\/egyptian-competition-authority-uber-careem-meet-to-smooth-out-regulatory-snags-in-merger-process\/","url_meta":{"origin":642247,"position":1},"title":"Egyptian Competition Authority, Uber, Careem meet to smooth out regulatory snags in merger process","author":"enterpriseam admin","date":"5 May 2019","format":false,"excerpt":"Competition authority meets with Uber, Careem on merger: The Egyptian Competition Authority (ECA) met on Thursday with representatives from Uber and Careem to discuss the regulatory approvals necessary for the ride-hailing companies\u2019 planned merger, the ECA said in a statement (pdf). The sit-down \u201cfocused on the extent to which investments\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566957,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/08\/uber-careem-merger-official-in-egypt-saudi-uae-jordan\/","url_meta":{"origin":642247,"position":2},"title":"Uber-Careem merger official in Egypt, Saudi, UAE, Jordan","author":"enterpriseam admin","date":"8 January 2020","format":false,"excerpt":"M&A WATCH- Uber-Careem merger done in Egypt, Saudi, UAE, Jordan: Uber has formally closed its acquisition of Careem in most major markets, including Egypt. The transaction is still pending regulatory approvals to close in Qatar, Pakistan, and Morocco, Uber said in a statement. For now, Careem will become a wholly-owned\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/540.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596961,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/eca-extends-technical-examination-period-of-uber-careem-merger\/","url_meta":{"origin":642247,"position":3},"title":"ECA extends technical examination period of Uber-Careem merger","author":"enterpriseam admin","date":"14 July 2019","format":false,"excerpt":"ECA gives itself more time to rule in Uber-Careem merger: The Egyptian Competition Authority (ECA) has extended the period during which it is studying Uber\u2019s recent USD 3.1 bn acquisition of Careem by an additional 60 days, according to an ECA statement. The watchdog originally said it would take 60\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590642,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/30\/merged-uber-careem-to-operate-in-egypt-under-eca-rules\/","url_meta":{"origin":642247,"position":4},"title":"Merged Uber-Careem to operate in Egypt under ECA rules","author":"enterpriseam admin","date":"30 December 2019","format":false,"excerpt":"Uber-Careem merger gets green light from competition authority with a couple of minor caveats: The Egyptian Competition Authority (ECA) has granted regulatory approval for Uber\u2019s USD 3.1 bn acquisition of Careem, imposing only a handful of conditions designed to \u201cprotect the rights of riders, drivers, and investors,\u201d the competition watchdog\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/3\/3061.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594361,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/28\/jordanian-authorities-sign-off-on-uber-careem-merger\/","url_meta":{"origin":642247,"position":5},"title":"Jordanian authorities sign off on Uber-Careem merger","author":"enterpriseam admin","date":"28 October 2019","format":false,"excerpt":"Jordanian authorities sign off on Uber-Careem merger: Jordan\u2019s Industry, Trade, and Supply Minister Tariq Hammouri last week approved Uber\u2019s planned USD 3.1 bn acquisition of Careem after deciding that the transaction would have \u201climited\u201d negative effects on the market, the ministry said in a statement (pdf). 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