China’s Poly Real Estate commits $380m to Didi via PE fund
Chinese state-owned Poly Real Estate Group has set up a private equity fund worth RMB2.5 billion ($380 million) to invest in Chinese leading ride-hailing app Didi Chuxing as part of its latest round.
Shanghai-listed Poly Real Estate said in a filing that the vehicle, named Zhuhai Li Hui Fund, is a single project fund, acquiring a 1.46% in Didi Chuxing. The purpose of the fund is to create financial...
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