Chinese ride-hailing company Didi is looking to raise funds in the hope that investor enthusiasm has recovered after Uber and Lyft’s IPOs
China’s dominant ride-hailing company Didi Chuxing Technology Co. is working to raise up to $2 billion from investors, according to people familiar with the matter, the latest sign that firms in the sector including Uber Technologies Inc. and Lyft Inc. are eager to raise money to fuel investments while posting steep losses.
The Beijing company plans to sell additional shares at the same price when it raised money in July 2018 from Booking Holdings Inc., the online travel company formerly known as Priceline, the people said....
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