Poly Group Invests $400M As Part Of Didi’s New Funding Round

Chinese state-owned real estate conglomerate Poly Group has invested US$400 million in Didi Chuxing as the country’s largest ride share company’s latest US$7.3 billion financing round announced last week. Poly, which invested through two vehicles managed by Poly Capital Management, will in turn obtain a 1.45% of Didi Chuxing at a valuation of over US$27.6… Continue reading Poly Group Invests $400M As Part Of Didi’s New Funding Round

China Life Insurance To Invest $600M In Didi Chuxing

China’s largest ride share company Didi Chuxing has received a US$600 million investment from China Life Insurance Co. Ltd., following a US$1 billion injection from Apple Inc and a US$400 million infusion from Alibaba Group Holdings Ltd. and its Internet finance unit Ant Financial last month. According to Tencent Technology citing a company announcement, China… Continue reading China Life Insurance To Invest $600M In Didi Chuxing