China’s Didi Chuxing raises $7 billion in new funding: WSJ
Israeli augmented reality firm Lumus raises 15 million dollars
June 15, 2016
Video game makers plunge deeper into virtual reality at E3
June 15, 2016
This post was originally published on this site
Chinese car-hailing app Didi Chuxing Technology Co has raised $7 billion in its latest fund raising effort, the Wall Street Journal reported, citing people familiar with the matter.
Didi closed a $4.5 billion fundraising round that attracted $1 billion from Apple and $600 million from China Life Insurance Co Ltd (601628.SS), according to the WSJ report on Wednesday.
The funding round valued the company at more than $25 billion, WSJ reported. (on.wsj.com/28Ed9Sz)
In addition, Didi secured a $2.5 billion debt package from China Merchants Bank Co, the Journal said.
Didi and China Merchants Bank Co were not immediately available for comment.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Shounak Dasgupta)