Monthly analysis

There was an abundance of big deals in December, as stand-out high-growth companies continued to attract huge cash piles from investors. The three biggest investments were all in taxi-sharing companies. Notably, US-based ride-sharing company Uber, backed by Google Ventures, the corporate venturing unit of the internet company, secured $1.2bn in series E financing from undisclosed investors, and separately revealed it would be forging a strategic partnership with China-based search engine Baidu.

China-based taxi-hailing app developer Didi Dache raised $700m…