China Merchants Bank to invest $200m in ride-hailing app Didi Kuaidi, now valued at $16.5b

China Merchants Bank to invest $200m in ride-hailing app Didi Kuaidi, now valued at $16.5b

Photo: Reuters

China Merchants Bank has agreed to invest $200 million in ride-hailing start-up Didi Kuaidi as part of its latest $3 billion fundraising round, a person with knowledge of the matter said.

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