CHINA / Didi Kuaidi is about to become China’s second most valuable startup
If Didi Kuaidi manages to raise a US$2 billion round at a US$15 billion valuation, it would propel it to the number two spot behind smartphone maker Xiaomi.
Bloomberg originally broke news of the deal earlier this month, but initial estimates pegged the round at US$1.5 billion. That may now be driven up to US$2 billion due to strong demand, the latest report by Reuters said on Friday.
The deal would value Didi Kuaidi in the region of US$15 billion, and make it the second most valuable Chinese tech startup after smartphone maker Xiaomi, now valued at US$45 billion. Uber’s valuation, meanwhile, is closer to US$50 billion.
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