China 's dominant mobile car hail platform , Kuadi says it raised $ 2 billion in a recent funding round . Didi Kuaidi didn’t disclose its full investor list, but those being made public include new backers Capital International Private Equity Fund and Ping An Ventures, in addition to existing investors Alibaba, Tencent, Temasek, and Coatue Management. It is the largest market among car hailing apps in China and now lifts its cash reserves to $ 3.5 billion . The valuation was not disclosed but it is expected to peak at $ 15 billion from the round . The International Private Equity Fund and Ping An Ventures were some of the new investors named .
China 's dominant mobile car hail platform , Kuadi says it raised $ 2 billion in a recent funding round . It is the largest market among car hailing apps in China and now lifts its cash reserves to $ 3.5 billion . The valuation was not disclosed but it is expected to peak at $ 15 billion from the round . The International Private Equity Fund and Ping An Ventures were some of the new investors named .