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Didi Chuxing brings in over $4 billion of investment to aid global expansion

21 Dec 2017

 

 

China's biggest ride-hailing service Didi Chuxing has reportly raised over $4 billion in funding as they look to grow outside of their native Chinese market. 


This round of funding now values Didi upwards of $50 billion and sets them up with the capital required to tackle what they perceive to be opportunities abroad.


According to CNBC on Tuesday, the Chinese firm announced it was looking to set up in Taiwan. 


Didi also announced it plans to "scale up investments in AI (artificial intelligence) talent and technologies, to further build up its intelligent driving and smart transportation capabilities, and to bring more innovative and diversified transportation services to broader communities around the world."

 

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