), is a major ride-sharing company, providing transportation services for more than 400 million users across over 400 cities in China. Its headquarters is located in Beijing. Formed from the merger of rival firms Didi Dache and Kuaidi Dache (backed by the two largest Chinese Internet companies, Tencent and Alibaba respectively), it was valued (as of June 2016) at approximately US$28 billion. DiDi acquired Uber's China unit on August 1, 2016. Following this acquisition, Didi Chuxing is estimated to be worth US$50 billion and it is the only company to have all of China's three Internet giants—Alibaba, Tencent, and Baidu—as its investors.In April 2017, DiDi closed over US$5.5 billion financing round, being one of the most valuable technology companies in the world. - Source: Wikipedia
Related Stories
