China's Didi Chuxing seeks to raise $1.6b via asset-backed securities

China's Didi Chuxing seeks to raise $1.6b via asset-backed securities

FILE PHOTO: The logo of Didi Chuxing is seen at its headquarters in Beijing, China, May 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo

A unit of Chinese ride-hailing firm Didi Chuxing has submitted an application to raise 10 billion yuan ($1.6 billion) through an issuance of asset-backed securities.

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