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Business, Business of Sport, Companies, Entrepreneurship, Global Trade, Market Data, Technology of Business / June 18, 2018

China’s ride-hailing giant Didi to launch in Australia

China’s ride-hailing giant Didi Chuxing is set to launch in Melbourne, Australia, from 25 June as it continues its international expansion.

The firm, which recently launched in Mexico, has just completed a month-long trial in close-by Geelong, Victoria.

Didi is the world’s largest ride-hailing app and is best known for driving Uber off the streets in China.

Valued at about $56bn (£39.4bn), the Chinese giant is also the world’s most valuable start-up.

The Australian ride-hailing industry is currently dominated by Uber, but recent entrants to the marketplace include India’s Ola and Europe’s Taxify.

Australian firm GoCatch is also a player in the market.

Didi says the service it will offer in Melbourne will be its core ride-sharing arm, Didi Express.

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