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

  • Didi Chuxing’s autonomous driving unit seeks funds at US$6 billion value, sources said
  • The Chinese ride-hailing start-up is looking to boost growth ahead of its planned IPO

Attendees look at a Didi Chuxing autonomous vehicle at the World Artificial Intelligence Conference (WAIC) in Shanghai, China, on August 29, 2019. Photo: Bloomberg

Ride-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 vehicles and invest in technologies like artificial intelligence chips, people said.

Print option is available for subscribers only.
SUBSCRIBE NOW
Copyright © 2025 South China Morning Post Publishers Ltd. All rights reserved.