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Posted on: April 8, 2016, 11:05 a.m.
Just how much money does one startup need? Chinese ride-hailing app Didi Kuaidi has raised US$4 billion over the past seven months in two funding rounds that have pushed its valuation north of US$20 billion. Apparently, that’s not enough. At a recent investor summit, Didi Kuaidi vice-chair Stephen Zhu said that the company is on the verge of completing yet another funding round. Full investment news article