Didi Chuxing, China’s Rival to Uber, Scores $7 Billion in New Funding – WSJ

China’s homegrown competitor to Uber Technologies Inc. has raised $7 billion in its latest fundraising effort, giving it a host of powerful allies including Apple Inc. to fend off the global ride-hailing champion at home.

Source: Didi Chuxing, China’s Rival to Uber, Scores $7 Billion in New Funding – WSJ

Author: Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he’s published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.