Chinese ride-hailing service Didi to receive $5B in funding for automated driving expansion

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Chinese ride-hailing giant Didi Chuxing is near an agreement to raise $5 billion to $6 billion for automated driving expansion, Bloomberg reported Wednesday. The financing round will lift Didi’s valuation to a cool $50 billion, up from a previous $34 billion after its acquisition of Uber’s China business. It would make the Beijing-based company the country’s top startup by market valuation, even surpassing handset maker Xiaomi, and the most valuable startup in the world after Uber…. Read the rest of this post here


Chinese ride-hailing service Didi to receive $5B in funding for automated driving expansion” is an article by iDownloadBlog.com.
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