Comment on Chinese Taxi App Didi Secured $100 million in Series C Funding by Taxi App Didi Announces US$700M Series D Funding - TechNode

['Tracey Xiang', 'More Tracey Xiang', '.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 2014-01-02 00:00:00

Taxi app Didi (or Didi Dache in Chinese) has finished the $100 million round of fundraising, with $60 million from Citic and $30 million from Tencent, as reported by Tencent’s online news site QQ.com (report in Chinese). It’s also confirmed that the previous round Didi raised is $15 million and is from Tencent. Before that round the company received $3 million from GSR Ventures . Recently Didi came up with a policy to subsidize taxi drivers with 10 yuan for each transaction or up to 100 yuan to encourage drivers who have turned down orders for twice or more times to accept orders. Kuaidi reportedly would input RMB100 million (about $16 mn) to subsidize taxi drivers.