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China's Didi Chuxing raises $7 billion in new funding: WSJ
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)
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