You are using an older browser version. Please use a supported version for the best MSN experience.

Top Stories

China ride-hailing giant Didi is looking to expand into Russia, says wealth fund

CNBC logo CNBC 22/1/2020 Arjun Kharpal
  • The Russian Direct Investment Fund (RDIF) is an investor in Didi. RDIF's CEO Kirill Dmitriev told CNBC on Wednesday that Didi is now looking to enter Russia.
  • "Didi is thinking about entering the Russian market and we are looking at the Russian market with them," Dmitriev said.
  • Didi has been on an international expansion drive over the past couple of years and operates in Japan, Australia and Latin America.
a close up of a piece of paper © Provided by CNBC

Chinese ride-hailing giant Didi is looking to enter the Russian market, according to the CEO of the country's sovereign wealth fund which is one of the investors in the firm.

The Russian Direct Investment Fund (RDIF) is an investor in Didi. RDIF's CEO Kirill Dmitriev told CNBC on Wednesday that Didi is now looking to enter Russia.

"Didi is thinking about entering the Russian market and we are looking at the Russian market with them," Dmitriev said.

Didi was not immediately available for comment when contacted by CNBC.

The company has been on an international expansion drive over the past couple of years and operates in Japan, Australia and Latin America.

An entry into the Russian market would pit Didi against Yandex Taxi, a joint venture between Russian internet giant Yandex and Uber.

More from CNBC

image beaconimage beaconimage beacon