Dec
20
China’s Didi Is Valued at About $56 Billion After Funding
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Ride-hailing giant completes $4 billion equity funding round
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Abu Dhabi’s Mubadala said to participate in financing
Didi Chuxing, China’s biggest ride-hailing app, increased its valuation to about $56 billion after completing a new funding round of more than $4 billion, people familiar with the matter said.
The financing increases its cash reserves to $12 billion and includes backing from Abu Dhabi’s Mubadala, the people said, asking to not be identified as the details are private. The company was previously said to be valued at $50 billion. Didi confirmed the $4 billion round and said it will help fund international expansion while SoftBank Group Corp. said it took part…
China’s Didi Is Valued at About $56 Billion After Funding
