Chinese e-hailing company Didi said on Thursday that it wants to raise more than 3.5 billion U.S. dollars after rival Uber announced fresh funding that values the company at over 60 billion dollars.
Didi president Jean Liu told a conference in California that its fundraising is ongoing and that the company is looking for strategic investors similar to Tencent and Alibaba.
Tencent and Alibaba were early backers of two companies that merged to become Didi in February last year, putting an end to a year of bitter competition.
Uber announced this week that it had raised 3.5 billion dollars from the investment arm of the Saudi Arabian government, taking the company's valuation to over 60 billion dollars.
As part of Didi's current funding round, Apple has invested 1 billion dollars into the firm.
