China's Didi Chuxing

The move accelerates a trend in China which has seen automakers launch their own ride-hailing services, and ride-hailing firms such as Didi team with automakers

A spokesman for Didi declined to comment. The company is the second-most highly valued, venture-backed private firm in the world, after Uber

It will be used to fuel Didi's global expansion and support new developments in artificial intelligence and new energy vehicles