Didi Kuaidi in record-breaking $2b capital raise

Didi Kuaidi said on Wednesday that it raised $2 billion in the largest single fund-raising ever by a private company, outpacing even Facebook's capital raise before it was listed.

The injection of capital in the Chinese taxi hailing app company and up-and-coming Uber rival was led by new investors Capital International Private Equity Fund and Ping An Ventures, who took up the bulk of the deal, according to a source familiar with the matter. But also roped in were existing stakeholders Alibaba, Tencent, Temasek, and Coatue Management.