HONG KONG: Didi Chuxing, China’s top ride-hailing firm, is set to become the country’s second-most valuable privately owned company, with a valuation of more than US$50bil, through a fund raising round of up to US$6bil, sources said.
The valuation represents a jump from Didi’s US$34bil price tag in August, when it agreed to acquire Uber Technology Inc’s China business, and also puts it closer to the US firm’s US$68bil.
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