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Chinese car service Didi raises USD 7.3 billion

Thursday 16 June 2016 | 09:24 CET | News
Didi Chuxing Technology, the Chinese Uber rival in which Apple has invested, has raised USD 7.3 billion in its latest fundraising effort. The company that it closed a USD 4.5 billion fundraising round that attracted new investors such as Apple, China Life Insurance and the financial affiliate of Alibaba Group. The round valued the company at nearly USD 28 billion, people familiar with the matter told the Wall Street Journal. In addition, Didi said it has secured a USD 2.5 billion syndicated loan arranged by China Merchants Bank. Didi also raised roughly USD 300 million in debt from China

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Categories: Internet
Companies: Alibaba / Apple
Countries: China
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