The battle for the Chinese car service market is increasingly becoming a billion battle. The Chinese Uber competitor Didi Chuxing got himself claims to seven billion dollars of fresh money.
But the recent financing round has a total of 4.5 billion dollars is introduced as the company reported, according to the official Xinhua News Agency in Beijing.
These include the previously reported one billion from the iPhone-Apple consolidated as well as 300 million dollars from the China Life Insurance. Even former Chinese supporters as the world’s largest online trading platform Alibaba, the computer company Tencent, China Merchants Bank and the Japanese telecoms group Softbank have continued to participate.
In addition, Didi loans of $ 2.5 billion have secured by China Merchants Bank and 200 million of China Life. The company has now a total of ten billion dollars (around nine billion euros) available, reported among other things, the “Wall Street Journal” and the financial service Bloomberg. Uber previously got hold of a total of eleven billion dollars.
The two companies are engaged in a fierce competition for the Chinese market with high discounts and write to significant losses. Uber are at least a billion dollars a year in China. Didi put there to last faster than Uber and came after recent data on 14 million trips per day. This is almost three times as much as Uber makes world.
In the overall Uber is still clearly in the lead. The global startup based in San Francisco had been evaluated at the last cash injection with more than 60 billion dollars. Didi now came under “Wall Street Journal” to more than 25 billion dollars, Bloomberg and technology blog “Recode” According to even 28 billion dollars. The overall rating decides which partakers of a company of the investor in a financing round for his money.
China is a promising market for transport services, not only because of its size, but also because the Chinese government restrictions on car ownership has established and traffic in cities. Behind Didi Chuxing amongst others, the Chinese Internet giant Tencent and Alibaba. The company was an international alliance against Uber, inter alia, with the US provider Lyft and Ola from India.
Who won in the current round of financing five billion dollars from investors, including 3.5 billion from Saudi Arabia.
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