The ride hailing platform is reportedly now valued at $56bn, after completing a round featuring SoftBank and Mubadala Investment Company.
China-based on-demand ride service Didi Chuxing closed a $4bn funding round today that included telecommunications firm SoftBank and Abu Dhabi’s Mubadala Investment Company, according to the New York Times.
The participants were disclosed by a person familiar with the investment, who said the deal valued Didi Chuxing at $56bn.
Didi Chuxing runs a Chinese ride hailing platform with 450 million registered users. In addition to taxis, it also offers car rental, carpooling, luxury and business transport, designated driver and urban…
