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Didi Kuaidi

China's mobile taxi-hailing app operators Didi Dache and Kuaidi Dache, which have been in head-on competition, jointly announced their strategic merger via their Sina Weibo accounts on Feb. 14, 2015.

Didi and Kuaidi have received backing from Chinese Internet giants Tencent and Alibaba, respectively, allowing users to pay trip fares with their mobile payment apps.