The logo of Didi Chuxing is seen at its headquarters building in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/Files
Chinese car-hailing app Didi Chuxing said it had received an investment of about US$600mil (RM2.44bil) from China Life Insurance Co Ltd, boosting resources to fund its battle with Uber just a month after it raised US$1bil (RM4.08bil) from Apple Inc.
The latest fund-raising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China. Uber raised US$3.5bil (RM14.28bil) from Saudi Arabia's sovereign wealth fund in new resources earlier this month.
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