Didi Chuxing Completes USD 7.3 Billion Financing Round
Includes USD 4.5 billion equity investment from new and existing investors
[June 16, 2016, Beijing] Didi Chuxing, the world’s largest one-stop mobile transportation
platform, today announced it completed a USD 7.3 billion financing round, including USD 4.5
billion in equity fundraising from Apple, China Life, Ant Financial and other new
shareholders, together with existing investors Tencent, Alibaba, China Merchants Bank, and
SoftBank, among others. This is one of the world’s largest private equity funding rounds.
In addition to the USD 4.5 billion equity investment, China Merchants Bank has also
committed to become the lead arranger for a syndicated loan facility to DiDi of an amount
up to USD 2.5 billion. China Life also added a long-term debt investment of RMB 2 billion
(approximately USD 300 million).
Proceeds from this round will be used for technology upgrading, big data research and
operations, investments in improving rider/driver experience, as well as explorations into
new business lines and opportunities. Following the closing of this round, DiDi stands as one
of the world’s best-funded internet companies with approximately USD 10.5 billion in
disposable funds.
As one of the world’s fastest-growing tech startups, DiDi broke several fundraising records in
the four years since its creation. The company announced the closing of a previous funding
round of over USD 3 billion in September 2015. In May 2016, DiDi received USD 1 billion in
strategic investment from Apple, which was the largest single investment DiDi has ever
received.
DiDi is the world’s largest mobile transportation platform. Close to 15 million registered carowners and drivers serve approximately 300 million registered users on DiDi’s platform
across multiple verticals ranging from taxi hailing, private car hailing, hitch, chauffeur, test
drive, to bus and enterprise solutions. Owing to strong network synergies and a big datadriven intelligent dispatch system, DiDi now completes as many as 14 million rides a day on
its platform. Independent source CNNIC show DiDi holds a dominant position across hitch,
chauffeur, test drive and other vertical sectors, including an 87.2% share in China’s private
car hailing market.
CHENG Wei, Founder and CEO of DiDi, said, “We are greatly inspired by strong support from
investors worldwide who have demonstrated full confidence in DiDi’s potential. In just four
years, DiDi has created a firm lead in China’s mobile transportation sector. With our
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advantages in technology, platform synergies and talented team, DiDi is prepared to
continue this momentum of growth. We will stay true to our original vision: to bring riders
more enjoyable mobility experience and drivers broader opportunities for personal
development, and to drive the future way of life in China as a world-class tech company.”
Tencent Holdings said, “Technology advances are fueling the spread of sharing economy
practices across China, redefining the world of urban transit as well as other aspects of life.
DiDi has secured a clear position of strength in mobility technology. Tencent will continue to
work with DiDi in building a friendlier, and more efficient mobile internet environment.”
Alibaba Group said, “Through its explorations in mobile internet technology, sharing
economy initiatives and big-data research, DiDi is poised to become a world-class Chinese
technology brand in the mobile transportation sector. Alibaba will continue to support DiDi
in our shared mission to improve the life of ordinary citizens.”
About Didi Chuxing
Didi Chuxing (formerly Didi Kuaidi) is the world’s largest comprehensive one-stop mobile
transportation platform. The company offers the full range of mobile technology-based
transportation options for close to 300 million users across over 400 Chinese cities, including
taxi hailing, private car hailing, Hitch (social ride-sharing), Chauffeur, Didi Bus, Didi Test Drive,
and Didi Enterprise Solutions. Statistics show Didi holds over 87% of the private car service
market and over 99% of the taxi hailing service market in China. A total of 1.43 billion rides
were completed on Didi’s platform in 2015. As a practitioner in the sharing economy initiative,
we are committed to work with communities and partners to solve China’s transportation and
environmental challenges using data-driven precision algorithms that optimize resources
allocation. By continuously improving user experience and creating social values, we are
committed to building an efficient, collaborative, and sustainable transportation ecosystem.
Didi was named one of Davos Global Growth Companies in 2015.
Media inquiries
China/Hong Kong
Brunswick Group
didichuxing@brunswickgroup.com
+86 10 59608600 / +852 3512 5000
U.S.
Sard Verbinnen & Co
didichuxing@sardverb.com
+1 415 618 8750
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