China's Didi raises $4 bn to fund global turf war with Uber
Uber
Shanghai - Egypt Today
Chinese ride-sharing firm Didi Chuxing said Thursday it had raised $4 billion from investors, months after a funding round that made it Asia’s most valuable startup, as it presses on with a global battle with US giant Uber.
Local and foreign groups contributed to the huge pot, which will be used to fuel Didi's global expansion and support new developments in artificial intelligence and new energy vehicles, the company said in a statement.
Didi, which bought Uber's China operations last year, has nearly half a billion users around the world and handles up to 25 million rides per day. It will see its valuation rise to $56 billion, sources close to the matter told AFP.
It became Asia’s most valuable startup in April with a valuation of $50 billion after its previous round of fundraising.
GMT 07:25 2017 Monday ,18 September
GM to recall 2.5 mn vehicles in China over Takata airbagsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 11:41 2017 Thursday ,02 March
Public health awareness campaign launched
GMT 16:53 2017 Thursday ,20 April
Meziane Meryan ruled out leaking of coming examsGMT 11:52 2011 Friday ,11 November
Mar Gerges church is a unique architectural design
GMT 08:00 2017 Monday ,06 November
Nitro Circus provides action-themed weekend for Saudis
GMT 15:01 2018 Thursday ,11 October
"Egyptian police" release son of jailed ex-presidentGMT 14:46 2011 Sunday ,23 October
Emirates Airbus A380 makes emergency landing
GMT 05:26 2014 Wednesday ,05 February
Climate change could increase storm risk to world\'s coastal regions
GMT 00:45 2017 Monday ,13 March
Dubai Street Museum project draws arts studentsGMT 08:49 2011 Friday ,10 June
Cancer girl\'s wish list is Internet hit
GMT 13:39 2017 Tuesday ,14 March
‘Badrinath Ki Dulhania’ film review: An enjoyable affair
GMT 07:41 2017 Friday ,25 August
Palestinians protest US delegation visit to Palestinian Authority
GMT 10:22 2018 Tuesday ,09 January
US runner-up snubbed for OlympicsGMT 18:09 2011 Wednesday ,16 November
Rare wild cats photographed in Indonesia forest
GMT 18:43 2017 Thursday ,28 December
Al-Sukait Tackles Investors’ Contribution
GMT 14:04 2017 Tuesday ,19 December
German businesses end 2017 in party mood
GMT 07:26 2017 Sunday ,23 July
Libyan forces pursue terrorist remnants in Benghazi
GMT 15:31 2017 Thursday ,17 August
Ministry of Education link technical school students to jobs
GMT 06:48 2013 Tuesday ,29 October
Egypt probes complaint into Bassem Youssef
GMT 06:47 2017 Saturday ,22 July
Egypt-Press-HeadlinesGMT 12:11 2012 Thursday ,25 October
Egyptian women launch \'Catch a Harasser\' day
GMT 18:15 2018 Friday ,23 November
The Relationship with Europe: A Permanent British Obsession
GMT 11:01 2018 Sunday ,18 November
The Palestinian Journalists Syndicate condemns the assault against the international march
GMT 14:29 2018 Tuesday ,23 October
Defense chief calls Russian-US contacts on Syria "only positive example" of cooperation
GMT 12:59 2018 Friday ,12 October
Palestinian prisoner dies in Israeli jails
GMT 15:52 2018 Wednesday ,03 October
PEX report: Stock market index continues uptrend
GMT 09:14 2013 Monday ,01 July
Samsung chairman keeps south Korea\'s richest man title with $11bn assetsGMT 14:51 2011 Tuesday ,06 December
Blackheath burnt car victim \'tried to rape\' accused
GMT 12:48 2014 Sunday ,23 March
England\'s Massaro crowned new squash world championGMT 20:39 2011 Tuesday ,09 August
Sensex closes below 17,000 levelGMT 06:46 2011 Sunday ,03 July
Ex-Iceland PM:He saved economyGMT 07:02 2013 Thursday ,09 May
Conservatives reinstate MP booted for reality TV appearance
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor