February 25, 2016 Comments Off on Didi Kuaidi’s projected valuation at more than $20 billion – February 25, 2016
Didi Kuaidi is China’s leading ride-hailing app and UberChina’s fiercest competitor. Just like Uber, Didi Kuaidi is one of the world’s most valuable startups with a current valuation of $16 billion and an annual revenue estimate of around $200 million.
In a bid to challenge UberChina, Didi Kuaidi recently received at least $1 billion in investment commitments from various investors. Once completed, the fundraising round would value Didi at more than $20 billion. This round follows the company’s $3 billion fundraising last September.
You can read about Didi’s fundraising plans here.
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