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Car-hailing giant Didi raises $5.5 billion, valued at $50 billion

04/28/2017| 7:34:04 PM| 中文

Chinese ride-hailing giant Didi Chuxing, the company that bought Uber's China unit last year, has closed a USD 5.5 billion funding round, valuing it at more than USD 50 billion, reported CNBC.

Didi said the round will be used "to support its global strategy and continued investments in AI-based technologies," in a statement.

Didi declined to disclose the investors in the latest round or its valuation. But sources said that previous backers Softbank, Bank of Communications, China Merchant Bank are involved, with Silver Lake being a new addition.

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TAGS: Didi Chuxing | car-hailing | Softbank | China Merchant Bank
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