Uber's China rival Didi Kuaidi raising about $1 billion: WSJ

February 24, 2016 4:23 PM

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Ride-hailing service Didi Kuaidi, a Chinese rival to Uber, plans to raise about $1 billion in its latest fundraising round, the Wall Street Journal reported, citing sources.

The company is seeking to raise the funds on terms that would value it at more than $20 billion, the Journal reported. (on.wsj.com/1T6YJ80)

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