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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Didi Kuaidi to raise $1.5B to fend off Uber in China

The taxi-hailing apps backed by Alibaba and Tencent are looking to raise $1.5 billion to fend off an aggressive move by Uber to invest CNY7 billion ($1.1 billion) in China this year and expand operations from 11 cities to more …

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