Didi’s Self-Driving Unit Said to Seek Funds at $5 Billion Value

Didi Global Inc. is seeking fresh capital for its autonomous driving unit that could value it at about $5 billion, people familiar with the situation said, as Chinese technology firms ride a wave of investor enthusiasm.

Didi Autonomous Driving plans to raise several hundred million dollars and is in talks with prospective investors including a Beijing-based fund to gauge interest, the people said, asking not to be identified discussing a private matter.

Didi’s autonomous driving unit operates a self-driving fleet of over 200 vehicles that have conducted trials in Beijing, Guangzhou and Shanghai. The Chinese ride-hailing firm unveiled its first ...