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Didi seeks $6 billion funding, to become China’s second-most valuable private firm

April 28, 2017 By Julie Zhu and Cate Cadell HONG KONG/BEIJING (Reuters) – Didi Chuxing, China’s top ride-hailing firm, is set to become the country’s second-most valuable privately owned company, with a valuation of more than $50 billion, through a fund raising round of up to $6 billion, sources said on Thursday. The valuation represents a jump from Didi’s $34 billion price tag in August, when it agreed to acquire Uber Technology Inc’s China business, and also puts it closer to the U.S. firm’s $68 billion. It also propels Didi…

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China’s Didi to raise $5 billion for overseas expansion

April 27, 2017 BEIJING (Reuters) – Didi Chuxing, China’s top ride-hailing firm, is set to raise a $5 billion funding round that values the company at about $50 billion. Investors in the round include Softbank Group Corp, Silver Lake Partners, China Merchants Bank and Bank of Communications, according to a person familiar with the matter. Didi was last valued at $34 billion in August when it agreed to acquire Uber Technology Inc’s China business following a drawn-out rivalry between the two firms. The deal gave Uber a one-fifth stake in…

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