Hyperdrive
Didi’s Self-Driving Unit Said to Seek Funds at $5 Billion Value
- Firm in talks with investors including Beijing-based fund
- Unit operates robotaxi services in some major Chinese cities
A Didi autonomous driving vehicle in Guangzhou.
Photographer: Liu Dawei/Xinhua/Getty Images
Didi Global Inc. is seeking fresh capital for its autonomous driving unit that could value it at about $5 billion, people familiar with the situation said, as Chinese technology firms ride a wave of investor enthusiasm.
Didi Autonomous Driving plans to raise several hundred million dollars and is in talks with prospective investors including a Beijing-based fund to gauge interest, the people said, asking not to be identified discussing a private matter.