China’s top taxi-booking company raises $2B

China’s Didi Kuaidi, the company behind the country’s two dominant taxi-booking apps, has raised $2 billion is its latest round of funding. Reports surfaced a month ago that the company, backed by Alibaba and Tencent, was looking to raise $1.5 …

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China’s top two taxi-booking apps to merge

Alibaba and Tencent have agreed to merge their taxi-booking apps to create one of the world’s largest transport-hailing services valued at an estimated $6 billion. Alibaba’s Kuaidi Dache (‘speedy taxi’) and Tencent’s Didi Dache have been cutting prices to gain …

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