Didi Chuxing raises US$4B

2018-10-28 11:09:34

Chinese ride-hailing company Didi Chuxing has raised more than US$4 billion in its latest round of funding. This most recent investment values Didi at more than US$50 billion and equips it with the finances needed to compete with Uber on a global stage. Didi recently announced plans to expand to Mexico and Taiwan next year, which would mark the company’s first move to broaden its services beyond China. Among other things, Didi will use the US$4 billion to invest in AI technologies, build up intelligent driving and broaden its transportation services to other countries.

SBR News  – January 2018

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