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China's Didi Taxi Gets 700 mln USD of Investment
   2014-12-10 09:19:03    CRIENGLISH.com      Web Editor: Luo Wen

A Chinese netizen browses the website of taxi booking app Didi Dache in Tianjin, China, 3 January 2014. [Photo: Imagine China]

China's popular cab-hailing app Didi Taxi has attracted an investment worth more than 700 million U.S. dollars.

It is one of the biggest single investments for China's non-listed Internet companies.

Investment group DST, Singapore's state-linked investment giant Temasek and China's tech juggernaut Tencent are among the investors.

Didi will use the money to ramp up research and development efforts for the application, and try to expand new businesses.
 
So far, Didi Taxi has more than one hundred million registered users and over one million registered drivers, with more than 5 million transactions a day.

Didi's service covers over 300 cities in China.

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