Didi kle moxuci

by  |  22-Feb-2016 13:39

In July 2015, the company completed a US billion fundraising round, bringing the company's cash reserves to over US.5 billion.This is the world's largest single fundraising round by any private company, as well as the largest fundraising round for a Chinese mobile internet company.

Didi kle moxuci

It provides services including, taxi hailing, private car hailing, Hitch (social ride-sharing), Di Di Chauffeur, Di Di Bus, Di Di Test Drive, Di Di Car Rental and Di Di Enterprise Solutions to users in China via a smartphone application.

Formed from the merger of rival firms Didi Dache and Kuaidi Dache (backed by the two largest Chinese Internet companies, Tencent and Alibaba respectively), it was valued (as of June 2016) at approximately US$28 billion.

China Life Insurance Co., and the financial affiliate of online shopping firm Alibaba Group Holding Ltd.

This fundraising round is the world’s largest equity share fundraising round by any private company, updating the previous record set by Di Di.

Around the start of 2016, the company was engaged in a fierce price war with American rival Uber, which started operations in China in 2015.

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