| Temasek Holdings has participated in a $2 billion funding round in mainland Chinese Uber competitor Didi Kuaidi, which is present in more than 300 cities. This round of funding includes prior investors Alibaba Group and Tencent Holdings, as well as domestic funds Ping An Ventures and Capital International Equity fund.
The other international fund investing alongside Temasek Holdings is New York-based Coatue Management. Both firms are also investors in Singapore-based taxi booking service Grabtaxi. According to the official statements, capital from this round will be invested in research & development of their product, as well as financing subsidy incentives for drivers...............................................Full Article: Source
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