Didi Chuxing completes USD 4 billion-plus equity funding round
Support investments in AI capacity building, international expansion and a new energy vehicle ecosystemBeijing, 2017.12.21
Didi Chuxing, the world's leading mobile transportation platform, today announced the completion of a new equity funding round of over USD 4 billion to support AI capacity-building, international expansion, and new business initiatives, including the development of new energy vehicle service networks.
In a testament to strong investor confidence in the strategic vision and leadership of DiDi’s management, Chinese and international institutions joined the latest fundraising round.
With a substantial cash reserve, DiDi plans to scale up investments in AI talent and technologies, to further build up its intelligent driving and smart transportation capabilities, and to bring more innovative and diversified transportation services to broader communities around the world. We will also embark on initiatives in building new energy vehicle service networks, as part of the company’s efforts to lead the transformation of automobile and transportation industries and work towards global energy interconnection.