Didi Chuxing Announces Close Of $4.5B New Funding Round

China’s largest ride share company Didi Chuxing says it has completed a new US$4.5 billion funding round, with investments from Apple Inc., China Life Insurance Co. Ltd., existing investors Tencent Holdings Ltd., Alibaba Group Holding Ltd., China Merchants Bank, and SoftBank Group Corp.

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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.