China's Didi launches costly battle with Uber in Mexico

Chinese ride-hailing firm Didi Chuxing began offering its service in the Mexican city of Toluca, setting up a potentially costly battle with rival Uber.

The Mexican launch marks the first time Didi has brought its own app-based ride service outside of Asia, a critical global expansion that comes as the company faces increased competition at home from internet giant Meituan-Dianping.

Source: Reuters