Caixin
BUSINESS & TECH

Didi Chuxing Raises $4 Billion to Fund Further Expansion

Didi is moving to tap businesses beyond ride hailing such as food delivery and internet finance. Photo: Visual China
Didi is moving to tap businesses beyond ride hailing such as food delivery and internet finance. Photo: Visual China

China’s ride-hailing giant Didi Chuxing Technology Co. netted $4 billion in a fresh round of fundraising, giving it a high-octane financial boost to drive into new business territory.

A group of Chinese and international investors took part in Didi’s latest funding round, which was led by Japanese telecom giant SoftBank Group Corp., Abu Dhabi’s state fund Mubadala Capital and China’s state-owned utility State Grid Corp., sources close to the matter told Caixin.

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