Didi nears deal to raise capital at $50b valuation, becoming Asia's most valuable startup

Didi nears deal to raise capital at $50b valuation, becoming Asia's most valuable startup

A mascot of Didi Chuxing is seen at the company's headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Ride-hailing giant Didi Chuxing is near an agreement to raise at least $5 billion in a deal that would make it the most valuable startup in China, according to people familiar with the matter.

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