04.08.2015 - China state fund CIC invests in taxi app Didi Kuaidi-source
China's sovereign wealth fund has invested an unspecified amount in Didi Kuaidi, China's dominant ride-hailing app which is competing against U.S. firm Uber Technologies, a person with knowledge of the matter said on Tuesday. The person said China Investment Corp (CIC) was one of several investors that injected more than $2 billion in recent months into the startup, which is now valued at $15 billion. The source did not give details about the size of CIC's investment, and they declined to be identified as they were not authorised to speak to the media. CIC officials were not immediately available to comment on the matter...............................................Full Article: Source
Print