Category: Didi Chuxing
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng…
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Silver Lake to buy additional $600 million stake in India’s Reliance Jio Platforms
Silver Lake is doubling down its bet on India’s Reliance Jio Platforms. The U.S. private equity firm said Friday it is buying an additional stake worth $600 million in the top Indian telecom operator, which has now raised $12.2 billion in less than two months at the height of a…
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Facebook commits $20M to UNF, WHO and CDC to tackle COVID-19
Facebook said on Friday that it is committing to match $20 million in donations, a tiny fraction of its quarterly profit, to support global relief efforts for COVID-19 coronavirus. Mark Zuckerberg, the social juggernaut’s chief executive, said Facebook was committing $10 million for the United Nations Foundation (UNF) and World…
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