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Didi reportedly seeking funds for self-driving unit at $5B valuation
DIDIYDiDi(DIDIY) TechCrunch·2025-03-05 00:17

In Brief Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at 5billion,accordingtoBloombergNews.InvestorinterestinselfdrivingcarsishighinChinaonthebacksofIPOsfromWeRideandPonyAI,whichhaveamarketcapitalizationof5 billion, according to Bloomberg News.Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of 4.7 billion and 5.25billion,respectively,asofTuesdaymorning.DidiAutonomousDriving,theunitDidicreatedin2020,hasraisedatotal5.25 billion, respectively, as of Tuesday morning. Didi Autonomous Driving, the unit Didi created in 2020, has raised a total 1.55 billion to date, per PitchBook data, including ...