Didi is keeping an eye on hotel reservations and any foray into the business would likely be mainly through strategic partners, such as Booking Holdings and Oyo.
Didi Chuxing, China’s largest ride-hailing platform, is considering a foray into the hotel-booking business that would potentially set it up for another head-on fight with market leaders Meituan Dianping and Ctrip, according to people familiar with the matter.
Beijing-based Didi’s exploration of the business is at an early stage, the people said, asking not to be named as the discussions are private. The plan, which was first reported by Chinese financial media outlet Caijing over the weekend, follows a US$500mil (RM2bil) investment it received from Booking Holdings, owner of online brands such as Priceline and Agoda, in July.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
