A taxi driver is reflected in a side mirror as he uses the Didi Chuxing car-hailing application in Beijing. Didi now accounts for 99 per cent of the car-hailing market in China, with 300 million customers in over 400 cities. Photo: Reuters

China’s US$56 billion ride-hailing king set for showdown with Uber again after latest fundraising round

New funding will support artificial intelligence research, international expansion, and development of new energy vehicle service networks

Topic |   Didi Chuxing

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A taxi driver is reflected in a side mirror as he uses the Didi Chuxing car-hailing application in Beijing. Didi now accounts for 99 per cent of the car-hailing market in China, with 300 million customers in over 400 cities. Photo: Reuters
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