Uber China Rival Didi Kuaidi Raising $1 Billion at Valuation of More Than $20 Billion - Bloomberg

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Bloomberg

Uber China Rival Didi Kuaidi Raising $1 Billion at Valuation of More Than $20 Billion Bloomberg Didi Kuaidi is spending heavily on adding new drivers and offering competitive fare prices as it aims to stay ahead of Uber Technologies Inc. in China. Uber spent more than $1 billion in the country last year and plans to spend a comparable amount in 2016. and more »

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