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8 May 2017

Big Deal: Didi Chuxing collects $5.5bn

The SoftBank-backed round could give the China-based ride hailing company the financial base it needs to compete internationally, where it may well use its CVC investments to forge a path.

Author: Robert Lavine, News Editor

The $5.5bn funding round recently closed by ride hailing service Didi Chuxing made it the second most valuable private company in China, and looks likely to be the one that presages a drive to compete with US-based rival Uber on all fronts.