Didi-Kuaidi Confirms Record $2B USD Funding, And They’re Not Done Yet

Didi-Kuaidi, China’s largest taxi-hailing ride service, has announced a record breaking $2 billion USD in funding lead by Capital International Private Equity Fund and Ping An Ventures. Fittingly, the record outstrips the $1.2 billion D and E series funding records of Uber, Didi’s fastest growing foreign competitor in China.

Didi-Kuadi is now estimated at a value of $15 billion USD. Didi President Jean Liu has already indicated in an interview that the round will be open over the coming month, hoping to raise several hundred million more. 

According to the company, this brings the company’s cash reserves to $3.5 billion. Earlier this week, Chinese media reported that the Didi-Kuaidi partnership would soon begin o explore the American market with a series of R&D centers, however the company refused to comment on the matter. 

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom