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Booking CEO: Didi Investment Taps Into China Growth

Provided By - Video Elephant on July 18, 2018
The online travel company announced on Tuesday it will invest $500 million in the Chinese ride-hailing company, in a bid to get in on the country's booming tourism industry. "When you see the number of airports that China's building, that's another sign that the tourist area in China is going to continue to grow very strong. That's why we're invested there," says Booking Holdings CEO Glenn Fogel. The two companies have also entered a partnership to offer their services on the other's apps.

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