Caution greets Didi's latest fundraising round

China's ride-sharing platform raises a whopping $7.3 billion but investors seek new ways to safeguard their capital.

Caution greets Didi's latest fundraising round

The latest funding round for Beijing-based Didi Chuxing shows that investors in high-growth technology companies are turning to debt rather than equity amid concerns about lofty valuations and cut throat competition.

Uber’s China rival has just closed a $7.3 billion fundraising, which includes $4.5 billion in equity and $2.8 billion in debt. The latter component comprises a $2.5 billion syndicated loan led by China Merchants Bank and $300 million in debt from China Life.

...

To continue reading, please login or register for free

Click for more on: didi chuxing | china | private placement | tencent | alibaba | apple

Print Edition

FinanceAsia Print Edition

CONFERENCES