Chinese ride-hailing service Didi Kuaidi said on Wednesday it had completed a $3 billion fundraising round, confirming a Reuters report earlier in the week.
Didi Kuaidi has the largest market share of car-hailing apps in China.
Investors in Didi Kuaidi include China Investment Corp and Ping An Insurance (Group) Co of China, said Cheng Wei, CEO of the taxi-hailing company, during the ongoing Summer Davos Forum held in Dalian, Northeast China's Liaoning Province, on Wednesday.
Travis Kalanick, chief executive of rival Uber, said on Monday that Uber China had received $1.2 billion, including from previous investor Baidu Inc, as part of ongoing fundraising.
Uber also said that it will enter 100 more Chinese cities over the next year, doubling a previous goal set just three months ago.
