Didi Chuxing invests in Uber's Middle East rival Careem
China's Didi Chuxing has invested an undisclosed amount in Uber's Middle East rival Careem. The companies said they would cooperate on smart transportation technology, operation, and product development. Founded in 2012, Dubai-based ride-hailing startup Careem also raised $150 million in June. Didi also invested in Uber's Southeast Asia ride-hailing rival Grab in July. 