Didi nears $5 bn funding to become 2nd most valuable startup
Ride-hailing startup Uber's China-based rival, Didi Chuxing, is set to raise $5 billion in a deal that would make it the world's second most valuable startup after Uber, according to Bloomberg. The investors in this funding will reportedly be SoftBank Group and others. The round may close by this week and would lift Didi's valuation to about $50 billion.