The Chinese ride-hailing giant has secured the additional funding, and with it now has a market cap of over $50 billion, the company has announced. The company says it will use the new funds “to support AI capacity-building, international expansion, and new business initiatives, including the development of new energy vehicle service networks.” As CNBC notes, Didi will begin expanding internationally next year with launches in Mexico and possibly Taiwan. As for who gave Didi the $4 billion, the company says it was a mix of Chinese and international investors, and Japan’s Softbank also told CNBC that it was one of the investors.
collections
NewsletterCourses and LearningAdvertiseCurrent IssueTech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business