China Merchants Bank to invest in Didi Kuaidi
China Merchants Bank (CMB) has agreed to invest in Chinese ride-hailing app Didi Kuaidi, and to create a strategic partnership with the company as well.
The size of CMB's investment was not disclosed, but media reports have put it at $200 million. This investment is part of the $3 billion round that Didi Kuaidi raised last year; the company's valuation...
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