The Weibo, Tencent and Alibaba-backed ride sharing company, the largest in China by market share, is set to raise the funding at a $15bn post-money valuation.
China-based ride sharing app operator Didi Kuaidi has raised the target for its next funding round from $1.5bn to $2bn, the Wall Street Journal reported on Friday citing people familiar with the situation.
Didi Kuaidi was formed earlier this year through a merger between the two largest taxi hailing apps in China by market share, Didi Dache and Kuaidi Dache. It operates in more than 360 Chinese cities and has expanded into carpooling and private car services.
Reports two weeks…
