Didi Chuxing's reported $600m acquisition of a majority stake in its Brazilian counterpart indicates a new level to its expansion plans.

On-demand ride service Didi Chuxing took a big step forward in meeting its global ambitions last week by paying a reported $600m for a majority stake in Brazil-based ride hailing platform 99. 99 was founded in 2012 as 99taxi and has accumulated 14 million users spanning more than 500 Brazilian towns and cities. Its biggest…

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