Alibaba, Ant Financial Plans $400M Investment In Didi Chuxing

alibaba copy 4Alibaba Group Holdings Ltd. plans to team up with affiliate Ant Financial to invest an additional US$400 million in China's largest ride share company Didi Chuxing, according to Tencent Technology. It's not clear if the investment is part of a US$2.5 billion funding round Didi Chuxing is near closing now, or additional funding separate from […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Read the original article: China Money Network