Chinese ride-hailing service giant Didi Chuxing confirmed today that it has finalized a funding round of over US$ 5.5 billion, local media is reporting.
Although the company did not reveal its investors or valuation in the new round, it is estimated that the company’s valuation may top US$ 50 billion.
The new funds will be used to promote the company’s global expansion strategy and investment in the field of cutting-edge technologies.
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