Didi’s Group-Buying Unit Weighs Raising $4 Billion in New Funds
- The firm is seeking about $1 billion from external investors
- Didi could chip in $3 billion to the community business
The Didi Chuxing app.
Photographer: Qilai Shen/Bloomberg
This article is for subscribers only.
Chinese ride-hailing giant Didi Chuxing’s community business is considering raising $4 billion to boost its growth amid increasing demand for group-buying delivery services, according to people familiar with the matter.
Didi, backed by SoftBank Group Corp., is weighing chipping in about $3 billion to Chengxin Youxuan, the people said, asking not to be identified because the matter is private. It’s also working with advisers to raise about $1 billion from outside investors for the business, the people said.