Tag Archives: Rival Just Raised

This Uber Rival Just Raised $3 Billion in Funding

China Merchants Bank has agreed to invest $200 million (roughly Rs. 1,360 crores) in ride-hailing startup Didi Kuaidi as part of its latest $3 billion (roughly Rs. 24,012 crores) fundraising round, a person with knowledge of the matter said. A Didi Kuaidi spokeswoman declined to comment on China Merchants Bank’s (CMB) investment but said China’s largest ride-hailing company is now ... Read More »