Didi Dache hails $100m from Citic PE and Tencent

Jan 7, 2014 • Vicky Chen

Didi Dache, a Chinese taxi booking app, has raised $100m series C financing led by Citic PE and backed by tech giant Tencent.

Didi Dache, a China-based taxi-hailing app developed by Beijing XiaoJu Technology Company, has closed a $100m series C funding round led by Citic PE, the strategic onshore private equity platform of Citic Group and Citic Securities. Tencent, a Chinese tech conglomerate, also participated in the financing round.

The funds will be used to improve user experience and expand the domestic markets.

Previously, the company closed a $3m round from GSR Ventures in September 2012 and received $15m from Tencent in…

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