
China's Didi gets backing from state-owned carmaker

China ride-hailing platform Didi, which delisted from the New York Stock Exchange last year following a scandal-hit post-IPO period, has raised USD 149m in funding from state-backed carmaker GAC Group.
The company raised billions of dollars in private funding, notably from SoftBank Vision Fund, and was valued at up to USD 60bn. However, days after its USD 4.4bn IPO in mid-2021, Didi was investigated...
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