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Chinese Taxi-hailing App Didi-Kuaidi Raising 2 Bln USD
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  • http://english.dbw.cn   2015-06-29 14:41:51
     

    The photo shows the logo of Didi and Kuaidi, indicating their merger deal forged in February, 2015. [Photo: yesky.com]

    China's biggest taxi-hailing app Didi-Kuaidi is now raising a new round of 2 billion US dollars investment from ventures.

    A group of investors including Alibaba, Tencent and Hill House Capital are now bidding to increase their shareholding in the taxi-hailing app.

    Currently, Didi-Kuadi has received over 1.5 billion USD of investment.

    The funding is likely to put the company at a valuation of more than 13 billion U.S. dollars.

    The funding comes as a taxi-hailing app war is escalating in China as both Didi-Kuaidi and Uber claim to have gained the upper hand.

    Didi-Kuaidi claims it has taken 80 percent of the ride-sharing market while CEO of Uber Travis Kalanick earlier said Uber has taken some one million orders from passengers in China.

     

     

    Author:    Source: CRI     Editor: Yang Fan

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