China's Didi completes over $5.5 bn financing round

Image
IANS Beijing
Last Updated : Apr 28 2017 | 10:13 PM IST

China's leading on-demand mobility platform Didi on Friday said it has completed a new financing round of over $5.5 billion to support global strategy and continued investments in artificial intelligence (AI).

Didi will continue to work with global communities and partners to offer more innovative mobility services, and expand smart urban transportation programmes to build an efficient and sustainable global mobility ecosystem, Xinhua news agency cited a company statement as saying.

Didi is expanding overseas and entered the Brazilian market in partnership with a local company in January.

With the launch of Didi Labs in Mountain View, California, earlier this year, the company aims to attract more talent and explore new investment opportunities.

--IANS

py/vt

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 28 2017 | 9:14 PM IST

Next Story