The contract manufacturer has joined a raft of investors in the ride ordering company that include Apple, Tencent, SoftBank, Alibaba, China Life and Ping An.
Contract electronics manufacturer Foxconn has invested $120m in China-based ride hailing platform Didi Chuxing at a $33.7bn valuation, Reuters reported yesterday, citing a stock exchange filing.
Foxconn provided the funding through a subsidiary, Foxteq Holdings, and now owns a stake in Didi Chuxing sized at approximately 0.35%.
Didi Chuxing sealed its position as China’s largest ride ordering platform when it agreed last month to acquire competitor Uber China in an all-share deal that would create a company officially valued…
