Chinese taxi-app Didi Kuaidi raises $1.5bn, valuation $15 billionStaff writer ▼ | June 15, 2015
Didi Kuaidi, operator of China's dominant taxi-hailing app, said it raised $1.5 billion in its latest round of funding, valuing the company at $12 billion-$15 billion.
Funding Didi goes strong against Uber
Didi Kuaidi, backed by Tencent Holdings and Alibaba Group, operates in 360 cities in China and has 1.35 million drivers. Its premium car service is in 61 cities with 400,000 drivers.
The company was formed by the merger of Didi Dache and Kuaidi Dache in February. ■