Ride-hailing service Didi Kuaidi, Chinese rival to Uber, is set to raise about $3 billion through its latest fundraising round, said two people familiar with the matter, raising the stakes between two of the world's most valuable start-ups. The inflow of cash comes weeks after Reuters reported that U.S. challenger Uber Technologies Inc was closing a $1 billion funding round for its Chinese unit. Didi Kuaidi, which has the largest market share of car-hailing apps in China, in July said it raised $2 billion, and that the amount may rise by another "few hundred million" due to what it said was tremendous interest from global investors.
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[New post] China Uber rival Didi Kuaidi raising about $3 billion: sources
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