Didi said to be raising money for autonomous driving unit at US$6 billion value

Source: South China Morning PostRide-hailing giant Didi Chuxing is raising new funds for its self-driving unit as China’s answer to Uber attempts to supercharge growth beyond its core businesses ahead of an anticipated initial public offering this year.Didi Autonomous Driving is planning to raise as much as US$500 million at a valuation of roughly US$6 billion, people familiar with the matter said, asking not to be identified discussing private matters. The new proceeds will help Didi speed up mass production of driverless…Read More

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