China's Didi Chuxing said to have raised $1.5b for freight unit

China's Didi Chuxing said to have raised $1.5b for freight unit

China's largest ride-hailing platform Didi Chuxing will start to offer services in Sydney on March 16, 2020.

China’s Didi Chuxing has raised $1.5 billion for its freight unit, a source familiar with the matter said on Tuesday, as the ride hailing giant expands its service portfolio.

The funding, the unit‘s first round, was led by investors including Singapore state investor Temasek Holdings, CPE and IDG Capital, said the source, who declined to be named as the issue is not public.

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