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Sharing Economy

Toyota eyes $550m investment in Chinese ride-hailer Didi

Automaker also considers setting up a new mobility service in China

Toyota has been collaborating with Chinese ride-hailing leader Didi Chuxing on self-driving cars. Now it is considering buying a stake in the company.

TOKYO -- Toyota Motor is considering buying a 60 billion yen ($548.6 million) stake in China's biggest ride-hailing service, Didi Chuxing, Nikkei learned Wednesday.

The Japanese automaker is also weighing setting up a new mobility service in cooperation with Didi Chuxing.

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