The deal isn’t about money. Didi has said publicly that it has multiple billions of US dollars on its balance sheet, thanks to a gigantic $4 billion funding round that closed at the end of 2017 and a history of raising big in recent years. Instead, the tie-in helps on a strategic level. Besides Booking.com and Agoda, Booking also operates Kayak, Priceline.com, Rentacars.com and OpenTable, all of which makes it a powerful ally for Didi. That’s particularly important since the Chinese firm is in global expansion mode, having launched services in Mexico, Australia and Taiwan this year. Beyond those three, it acquired local ride-hailing company 99 in Brazil and announced plans to roll into Japan. Get the full story at TechCrunch Read also "Why Booking is investing in ride-sharing company Didi Chuxing" at Fortune