Sources: Didi Kuaidi, Uber's China rival, close to raising $2B at a valuation of about $25B
Bloomberg :
Sources: Didi Kuaidi, Uber's China rival, close to raising $2B at a valuation of about $25B
Uber's China Rival ‘Close to Raising $2 Billion in New Funding’ — Funding said to exceed previous $1.5 billion target on demand — Didi said to be valued at about $25 billion by investors
Source: Didi Kuaidi raising $1B at $20B valuation, but round is oversubscribed, company still negotiating terms with investors
Uber China Rival Didi Kuaidi Raising $1 Billion at Valuation of More Than $20 Billion — The ride-hailing giant aims to stay ahead of Uber, which plans to spend more than $1 billion in China this yea...
Uber CEO says firm loses $1B+ a year in China due to price war with unprofitable competitor
Uber losing $1 billion a year to compete in China — Uber Technologies Inc is burning through more than a billion dollars a year in China as it wages a fierce price war against local rival Didi Kuaid...
Didi Kuaidi says it has booked 1.43B rides in 2015, 200M of them in December
Take That, Uber! Didi Kuaidi Says It Booked Over a Billion Rides Just in 2015. — Last month, Uber declared that it had booked over one billion rides worldwide through its app since its creation in ...
Didi Kuaidi confirms $100M investment in Lyft; companies will share riders across countries
Sarah Buhr / TechCrunch :
GrabTaxi Lands $350M From China's Top Uber Rival Didi Kuaidi And Others
GrabTaxi, the taxi-hailing app that rivals Uber in Southeast Asia, is getting some big name support from China after it announced a $350 million Series E round from a range of investors that — most in...
China car hailing app Didi Kuaidi raises $2 billion as Uber rivalry intensifies
China's dominant mobile car-ride hailing company Didi Kuaidi said it raised $2 billion in a fundraising round as competition with U.S. rival Uber Technologies Inc heats up on its home turf.
Didi Kuaidi's $1.5B round already oversubscribed; in addition to 3M daily taxi rides, now has 3M daily private car requests compared to 1M UberChina rides/day
Chinese Ride-Hailing App Didi Kuaidi May Raise Fundraising Target — With offering oversubscribed, CEO says in letter to investors …
Sources: Hillhouse, an investor in China's taxi hailing firm Didi Kuaidi, leads $1B investment in Uber
and it could signal that an IPO is on the way