Comment on Baidu Leads C Series Funding for Chinese Ride-Sharing App Tiantian Yongche by Didi-Kuaidi Launch Carpooling App To Challenge People's Uber - TechNode

['Eva Yoo', 'More Eva Yoo', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2015-04-14 00:00:00

Chinese carpool and ride-sharing app Tiantian Yongche, has announced the completion of a C series funding round led by Baidu, followed by Sequoia Capital. Although the amount was not disclosed, the company claims its valuation is now close to US$200 million. The company claims they have set the record for the quickest series of O2O investments. Currently, Tiantian Yongche covers the domestic market in Beijing, Shanghai, Guangzhou, Hangzhou, Tianjin, Chengdu and some other smaller Chinese cities. Baidu appears to be diversifying their share of the China ride-sharing market.