The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon
Chinese car-hailing app Didi Chuxing Technology Co said it raised US$7.3bil (RM29.84bil) in its latest round of funding, including US$4.5bil (RM18.39bil) from new and existing investors, as it battles to fend off Uber's march into China.
In addition, China Merchants Bank has committed to become the lead arranger for a syndicated loan facility to Didi of up to US$2.5bil (RM10.22bil), the company said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
