Wednesday, April 1, 2015

Newly merged Chinese taxi-hailing app now valued at $9 BEEELLION

Hedge funds pile in to a (so far) almost Uber-free market A coalition of US hedge funds, sovereign wealth funds, and the largest of China's technology companies have invested in a merger of the country's largest taxi-hailing apps, bringing the combined company's valuation up to almost $9bn.…-> read more

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