Uber’s Chinese rival just raised $4 billion

23 Dec
Didi Chuxing's Mountain View, CA LaboratoryAs turbulent as 2017 was for Uber, 2018 looks set to start off even worse for the maligned company, as China’s Didi Chuxing says it raised over $4 billion from SoftBank Group in yet another round of funding. The large injection of cash makes Didi the world’s second-largest startup, with a valuation of $56 billion, and over $12 billion...