红桃视频

Morning Report:听Didi raises another chunk of cash. Is $4 billion a lot?

Didi, the Chinese ridesharing giant, has raised $4 billion to work on “.”

The $4 billion round comes just months after Didi raised $5.5 billion in April of this year. That round, which counted the ever-present Softbank as a participant, remains Didi’s largest to date.

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Indeed, its new $4 billion marks the that Didi has raised over $1 billion in a single go. The new capital pushes its known capital raises to just under $20 billion. Didi’s ability to raise is .

But Uber shouldn’t be so sad. After all, it owns a piece of Didi that it picked up when it gave up competing in China.

Did’s new round comes with a new valuation, as you expected. Here’s 聽on the raise:

We understand that the investment gives Didi a valuation of $56 billion, a jump on the聽$50 billion valuation in April when聽.

The same article goes on to note that Didi’s valuation may be higher than the price at which Uber shareholders can sell their equity to Softbank. (Softbank is buying billions in shares from extant shareholders, and then topping-up Uber’s valuation with a billion-dollar injection.)

So if you count the secondary liquidity’s price point as the correct metric, Didi may have taken Uber’s value crown. That doesn’t really matter, of course. But as far as horse races go, it’s a big one.

From The聽:

• Storied venture capital firm is in the early stages of raising about $5 billion, and potentially more, for its third global growth fund, according to media reports. The fundraising goal marks a major increase from the firm鈥檚 last growth fund, which was about $2 billion in size.

Summing up SoftBank鈥檚 Big Year

• Speaking of huge funds, what鈥檚 up with SoftBank? The firm put tens of billions into venture-backed companies this year, an unprecedented sum for a single investor. In an effort to pinpoint the spaces that saw the greatest impact from the its largess, 红桃视频 drilled into the global activities of its $100 billion [Vision Fund])(https://www.crunchbase.com/fund/softbank-raised-softbank-vision-fund鈥攁bf5a098) across early through growth stage.

• Chinese ride-hailing market leader announced that it has raised over $4 billion in fresh capital from institutional investors in China and abroad to support international expansion, AI-focused R&D, and other internal efforts. Investors were not named.

• Germany鈥檚 Daimler has acquired a majority stake in , a five-year-old French ride-hailing startup that previously raised about $6 million in venture funding.