Didi Chuxing may be getting uber big.
China's biggest ride-hailing company, which competes with Uber for passengers and drivers in the world's biggest country, is on the brink of a new $2 billion financing round, according to Bloomberg.
The funding round could close in the next few weeks and give the company a valuation of $25 billion, Bloomberg reported, citing people familiar with the situation.
Bloomberg said Didi Chuxing would be the fourth-most valuable startup in the world if the deal closes. Uber is the most valuable.
Didi Chuxing didn't respond to a request for comment.