Toyota may invest about $550 mln in China ride-hailing firm Didi - Nikkei
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TOKYO, May 29 (Reuters) - Toyota Motor Corp is considering investing about 60 billion yen ($550 million) in Chinese ride-hailing giant Didi Chuxing, the Nikkei business daily reported on Wednesday.
Japan's top automaker was also looking to set up a new mobility-services company in China, the Nikkei said.
Toyota has made large investments in other ride-hailing firms such as Uber and Grab as traditional automakers race to team up with disruptive tech companies.
($1 = 109.2700 yen) (Reporting by Chang-Ran Kim; Editing by Stephen Coates)
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