Didi Kuaidi takes stake in India's Ola

Move part of plan to form global network of partnerships in the car-hailing market

Didi Kuaidi, China's largest mobile-based car-booking company, has invested in its Indian counterpart Ola - the latest in a string of investments made to form a network of global partnerships.

The company said in a statement on Monday it had joined other investors, including SoftBank Corp and Tiger Global Management, in a fundraising round for Ola, which is the largest taxi-hailing service platform owned by ANI Technologies Pvt Ltd.