CDC drops mask requirement Disney Plus subscriber growth $1 million vaccine lottery Gas shortage PS5 restock update Stimulus check updates

China's Didi Chuxing could be on brink of uberific funding

The big ride-sharing company stocks up as it goes toe-to-toe with Uber, Bloomberg reports.


Liu Qing, president of Didi Chuxing, could soon be at the helm of the world's fourth-most valuable startup.


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.