FILE PHOTO: A woman works at the reception of ride-hailing company Didi Chuxing at its headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo
December 21, 2017
BEIJING (Reuters) – Chinese ride-hailing service Didi Chuxing Technology Co, China’s rival to Uber Technologies Inc, has raised $4 billion in a new round of funding, two sources familiar with the deal told Reuters on Thursday.
The round values the firm at close to $50 billion and pre-existing investor Softbank Group Corp is a participant, one of the people said.
The Wall Street Journal earlier reported the funding-raising on Thursday, and said that Abu Dhabi state fund Mubadala Capital also participated in the round.
(Reporting by Cate Cadell; Editing by Stephen Coates)
