By Ka Kay Lum
Riverhead Capital Investment, the investment arm of Sunshine Insurance Group, also co-led the round.
Customers on Booking Holdings’ websites, including Booking.com and Agoda, will be able to hail Didi cars through existing apps as part of the agreement.
At CATL’s current stock price, the right would give BMW a stake of less than 2 percent of the company.
The second fund, Cathay Midcap II, is targeting to raise a total of 1.2 billion euros ($1.4 billion) by the first half of 2019.
By late November, Xpeng plans to start delivering some of the 4,000 pre-ordered G3 cars.
Sinovation Ventures has backed an RMB 200 million ($30 million) Series B funding round for 7Net, a Chinese online exam grading service provider.
The latest round brings ASR’s total funding to over $300 million and comes a year after it secured $100 million in a round backed by Alibaba Group.
Didi is hoping to raise between $1 billion and $1.5 billion from the deal and has tapped investors including SoftBank Group.
The two new vehicles plan to raise $600 million each and are likely to be part of Shunwei Capital’s fourth US dollar fund.
If successful, this will be one of the biggest U.S. floats by Chinese firms in four years.