Taiwan's Foxconn invests $120m in Didi Chuxing, valuing ride app firm at $33.7b

Taiwan's Foxconn invests $120m in Didi Chuxing, valuing ride app firm at $33.7b

A taxi driver is reflected in a side mirror as he uses the Didi Chuxing car-hailing application in Beijing, China, September 22, 2015. REUTERS/Jason Lee

Taiwan’s Foxconn has invested $119.9 million in Chinese ride-hailing firm Didi Chuxing via one of its subsidiaries, the world’s largest electronics manufacturer said on Thursday, in a deal that could value the start-up at about $33.7 billion.

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