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Chinese Ride-hailing Giant Didi Chuxing Raises over $4 Billion for Global Push

Chinese Ride-hailing Giant Didi Chuxing Raises over $4 Billion for Global Push

Chinese ride-hailing firm Didi Chuxing Technology has raised more than $4 billion to support AI capacity-building, expansion overseas and new business initiatives.  The  five-year-old Chinese ride-hailing firm latest round of funding pushes its valuation to about $56 billion and lifts its cash reserves to $12 billion.

“Chinese ride-hailing giant Didi Chuxing raises over $4 billion for global push”

The company was founded in 2012 by Cheng Wei, a former employee of Alibaba.  The President of DiDi Chuxing is Liu Qing (Jean Liu), ex-Managing Director at Goldman Sachs and is the daughter of Lenovo founder Liu Chuanzhi.

Source: Reuters, Bloomberg, CNBC, Didi Chuxing

 

 

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About DiDi Chuxing

DiDi is the world’s leading one-stop mobile transportation platform.  We offer app-based mobility options for more than 450 million users.  At DiDi, we strive to harness the power of AI technology to help cities solve transportation, employment and environmental challenges.

 

Visit: DiDi Chuxing


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