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China's dominant car-hailing app firm Didi Kuaidi raises US$2b

It says the fundraising will lift its cash reserves to US$3.5b

Beijing

CHINA'S dominant mobile car-ride hailing company Didi Kuaidi said it raised US$2 billion in a fundraising round as competition with US rival Uber Technologies Inc heats up on its home turf.

Didi Kuaidi, which has the largest market share of car-hailing apps in China, said