Didi’s Group-Buying Unit Is Said to Weigh Raising $4 Billion

Feb. 5, 2021, 11:08 AM

Chinese ride-hailing giant Didi Chuxing’s community business is considering raising $4 billion to boost its growth amid increasing demand for group-buying delivery services, according to people familiar with the matter.

Didi, backed by SoftBank Group Corp., is weighing chipping in about $3 billion to Chengxin Youxuan, the people said, asking not to be identified because the matter is private. It’s also working with advisers to raise about $1 billion from outside investors for the business, the people said.

Any fresh capital will help Didi to gear up against intensifying competition in China’s community business, which allows customers to ...

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