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Uber-Didi global duel gets hotter with big fundraising

Both ride-hailing leaders have had huge new capital injections recently

Sat, Jun 04, 2016 - 5:50 AM

CHINA-CENTRIC: While Didi has formed an international coalition with Lyft in the US and Ola in India, it's mostly focused on 400 cities in its home market.

PHOTO: BLOOMBERG

San Francisco

THE rivalry between ride-hailing leaders Uber and Didi has just intensified.

Uber Technologies Inc raised US$3.5 billion from Saudi Arabia's sovereign wealth fund - the single biggest investment in the San Francisco company to date. The investment brings the total of...

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