China's dominant mobile car Did Kuaidi dominates the regular taxi market, but Uber moved a lot faster on peer-to-peer (P2P) rides. hailing app Didi Kuadi says it raised $2 billion in a recent fundraising round. It is the largest market among car hailing apps in China and now lifts its cash reserves to $3.5 billion. The company said on Monday that it had received an investment of $450 million from Chinese venture capital firm Tencent Holdings Ltd. Didi Kuadi, which has been operating since 2013, was founded by Capital International Private Equity Fund and Ping An Ventures were some of the new investors named.
China's dominant mobile car hailing app Didi Kuadi says it raised $2 billion in a recent fundraising round. It is the largest market among car hailing apps in China and now lifts its cash reserves to $3.5 billion. The company said on Monday that it had received an investment of $450 million from Chinese venture capital firm Tencent Holdings Ltd. Didi Kuadi, which has been operating since 2013, was founded by Capital International Private Equity Fund and Ping An Ventures were some of the new investors named.