The carmaker, already a shareholder in Uber and Grab, is considering an investment of about $550m in the Chinese ride hailing app developer.

Automotive manufacturer Toyota is mulling the possibility of investing ¥60bn ($549m) in China-based on-demand ride provider Didi Chuxing, Nikkei reported today. Didi runs a ride hailing platform responsible for some 30 million trips each day. It spans cars, buses, electric bikes, buses and car rental. It runs a food delivery service and launched an in-app…

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