Ping An co-led the round, the largest ever raised by a private company, investing alongside participants including Alibaba and Tencent.
China-based ride hailing service Didi Kuaidi confirmed a $3bn round today backed by investors including e-commerce group Alibaba, insurance firm Ping An and internet services company Tencent.
Ping An co-led the round with sovereign wealth fund China Investment Corp (CIC) and private equity fund Capital International Private Equity Fund through its Ping An Ventures unit. The round, the largest ever recorded by a private company, also featured existing backers Temasek and Coatue Management.
Formed in February this year by a…
