Uber's Chinese rival Didi Chuxing raises $600 mn
Taxi-hailing app Uber's Chinese rival, Didi Chuxing today raised $600 million in its latest funding round from China Life, Asia Pacific’s highest valued insurance firm. The yet-to-close funding round will reportedly value Didi Chuxing around $25 billion. Interestingly, China Life had also invested $200 million in Uber last year.