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Uber rivals Lyft and Didi adopt 'enemy's enemy is my friend' policy

China and US at forefront of taxi war

US "sharing economy" taxi firm Lyft has teamed up with Chinese equivalent Didi in a "strategic partnership" designed to see off the global threat posed by Uber.

The deal was consummated with a cash injection of $100m (£64m) in Lyft by China's largest ride-sharing company.

Lyft said in a statement: "With this partnership, we’ll be working together to enable people to use their Lyft app when they travel to China and get a ride wherever they are going."

The same will be true for Didi’s users who travel to the US, it said. According to Lyft, in 2014 nearly eight million people traveled between the two countries.

The cash investment was drummed up in a financing round, which included money raised from the Middle Kingdom's tech giants Alibaba and Tencent.

India and China are markets into which Uber is keen to sink its teeth, having previously said it would invest $1bn (£642m) in the region.

That announcement followed the merger between Didi Dache and Kuaidi Dache in February, valuing the new outfit at $9bn (£5.78bn). ®

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