Didi Chuxing gets $119.9 mn at $34 billion valuation
Chinese ride-hailing company Didi Chuxing has been valued at $34 billion after an investment of $119.9 million by a subsidiary of Foxconn Technology Group. Foxconn, the main assembler of Apple devices, has acquired a 0.355% stake in the startup through the deal. In May this year, Apple had invested $1 billion in Didi Chuxing.