A Long, Strange Trip for the ‘Uber for Nurses’Read more

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asia

China’s Didi Chuxing Raises $1.5 Billion for New Freight Business

By
Shai Oster
· · Source: Bloomberg

Didi Chuxing, the Chinese ride-hailing giant, is close to raising $1.5 billion for a new trucking business, far more than the $400 million it had originally sought from investors, Bloomberg reported. The investors’ appetite comes as China’s economy recovers far quicker than any other major country after largely containing its Covid-19 outbreak. In addition, the boom in e-commerce makes...

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