The insurance firm, also an investor in Uber, has supplied $300 in equity and $305m in debt financing for the ride hailing company, which has now raised $3.5bn in its latest round.
Insurance group China Life provided $605m in debt and equity financing for China-based ride hailing platform Didi Chuxing today, supplying $300m in equity and RMB2bn ($305m) in debt.
The equity capital will form part of a funding round that already includes a $1bn investment by hardware producer Apple.
The round, which a spokesperson told TechCrunch is now larger than $3.5bn and is yet to close, will also likely include $200m each from e-commerce group Alibaba and its financial…
