China's Ride-Sharing App Didi Raises $4 Billion in New Funding
22 December, 2017, 00:54 | Author: Samuel Sharp
Competition in China's booming mobile payment market is set to intensify, after Didi Chuxing, the country's largest ride-hailing company, acquired a much-coveted license to enter the internet finance sector.
The funds would also help Didi "bring more innovative and diversified transportation services to broader communities around the world".
The latest investment will go towards supporting the company's "AI capacity-building, worldwide expansion, and new business initiatives, including the development of new energy vehicle service networks", according to a brief statement by the company.
According to CNBC, Softbank said it had invested, but did not disclose the amount. Investors in the company include SoftBank Group Corp. and Abu Dhabi's Mubadala Capital, the Journal reported.
The investment would extend Didi's valuation to $56bn.
The company, which has announced plans to expand internationally earlier this year, establishing an global arm in February.
It has also teamed up with overseas competitors, including Lyft in the U.S., Grab in Singapore, Ola in India, Taxify in Estonia and Careem in the United Arab Emirates.
Last month, Uber was said to be worth $54 billion.
Abu Dhabi's Mubadala Investment and Japanese telecoms firm Softbank participated in Didi's $5bn funding round in July, and were widely reported to be among the worldwide investors involved in the latest financing.
The new FluView report also noted one influenza-associated pediatric death, which was reported in week 49 but occurred in week 44. ONA represents more than 13,500 nurses in OR and has filed unfair labor practice complaints against other hospitals, such as St.
However, the process of setting up subsidiaries is extremely costly. "We'd just walk away from progress if that was the approach". The transition period will include access to the single market but also obligations.
During his time in Congress, Garrett once called the agency "a bank that embodies the corruption of the free enterprise system ". Mike Rounds , R-S.D., and Tim Scott , R-S.C., breaking partisan ranks to join the panel's Democrats in opposition.
Apple has further delved into the issue of lithium-ion batteries on its website, which have a limited life span. Apple releases new iPhone models annually, and sales of the handsets power its money-making engine.
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Kim Jong-hyun - a Korean pop singer from the band SHINee - died on Monday, according to multiple reports . He was one of the five members of SHINee , who have had a string of number one hits in their home country.
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The stock of Marathon Petroleum Corporation (NYSE:MPC) earned "Sector Perform" rating by Howard Weil on Friday, October 28. Ontario - Canada-based Royal Bankshares Of Canada has invested 0% in Fossil Group, Inc. 3,311 are held by Captrust Advsrs.
The Senate later confirmed Gorsuch on a vote of 54 to 45. "My young little girls were cheering the TV!" he included. The White House denied that Trump ever seriously considered withdrawing the Gorsuch appointment.
The property set aside for the new hockey arena borders on the Cross Island Parkway adjacent to the racetrack's grandstand. Discussions for development of Belmont Park began 12 years ago, but initially did not include a sports arena.
All casualties were shifted to a hospital where sources initially said they received four dead bodies and around 20 injured. The attack on the Methodist church was the first time ISIS claimed responsibility for a church assault in Pakistan. .
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