Didi Kuaidi raises $3b in funding

Didi Kuaidi, China's largest mobile-based car-booking company, has raised $3 billion as fresh investment through its latest fundraising round, its top official said on Wednesday.

Cheng Wei, chairman and CEO of Didi Kuaidi, told the Summer Davos forum being held in Dalian, Liaoning province, that the financing was led by several new investors, including China Investment Corp, Capital International Private Equity Fund and Ping An Ventures.

Existing investors like Alibaba Group Holding Ltd, Tencent Holdings Ltd and Temasek Holdings Pte also participated in the funding, he said.