23 December, 2017
Didi says it will invest the fresh injection of capital into boosting its artificial intelligence capacity, overseas expansion and new-energy vehicle service networks.
Beijing-based Didi, which bought Uber's China operations previous year, has so far raised about US$19 billion in total, the most venture capital ever raised by a startup, according to the report.
Since its inception in 2012, Didi has become China's top ride-hailing service by merging with a major domestic rival and buying the Chinese operations of US ride-hailing app operator Uber Technologies.
Didi Chuxing announced in August that it is backing Uber's Estonian rival Taxify with financial investment and support on technology developments.
Lingering Lake Effect Snow Plus Arctic Cold
Today (Wednesday): Cold and windy is the story today , despite mostly sunny skies through much of the day. There are still a lot of details to be worked out on how cold it may get and the potential for snow.
Four injured in New York City blast, suspect nabbed
According to the NYPD, one person is in custody. "Could have been a lot worse", a federal law enforcement source told CNN. President Donald Trump has been briefed on the incident, White House spokeswoman Sarah Huckabee Sanders told reporters.
Netflix is weirdly anxious about 'A Christmas Prince' fans
Netflix, after all, produced and promoted the movie, which is in the vein of an uplifting, unapologetically cheery Hallmark film. In it, they've confirmed that the figure in the tweet refers to collated trends - not individual viewing habits.
The deal came after the People's Bank of China, the nation's central bank, said previous year that it would control the number of third-party payment licenses issued, making them highly sought-after.
The company declined to disclose the identity of its newest investors, and in a statement on its website, said just this: "Chinese and global institutions joined the latest fundraising round".
"So far Mubadala has invested US$4-5 billion with Softbank as part of the Vision Fund", a Mubadala spokesperson told The National.
Three of the five most valuable startups on the planet - Didi, smartphone maker Xiaomi and Meituan-Dianping - are now Chinese, according to data from CB Insights.