‘Didi in talks for fresh capital’
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.