‘Didi in talks for fresh cap­i­tal’

New Straits Times - - Business -

BEI­JING: Didi Chux­ing has held in­for­mal talks with in­vestors about rais­ing bil­lions of dol­lars to buy more time to build a prof­itable busi­ness model, said sources. Its in­vestors of more than 100 were di­vided if more cap­i­tal was needed now, they said. Didi, with back­ing from Ap­ple Inc and Ten­cent Hold­ings Ltd, had not de­cided whether to pro­ceed. If it went ahead with a deal, Didi was likely to seek at least US$3 bil­lion and was dis­cussing if it could hike its val­u­a­tion, now US$34 bil­lion, they added. Didi has de­nied that such plans ex­ist.

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