Chinese Taiwan's Foxconn - the world’s biggest electronics contract manufacturer - is investing in ride-hailing firm Didi Chuxing.
The investment amounts to nearly 120 million US dollars. The deal could value the Beijing-based start-up at about 33.8 billion US dollars. Foxconn said its subsidiary Foxteq Holdings Inc would own 0.355 percent of the company.
Didi's investors include global tech giant Apple; and Chinese firms Tencent, Alibaba and Baidu. The ride-hailing company last month said it would buy the Chinese unit of rival Uber after two-years of competition. The US firm gets a one-fifth stake in Didi because of the deal.