Didi Chuxing Announces Progress in Current Fundraising Round

Receives USD$1 billion strategic investment from Apple

BEIJING, May 13, 2016 /PRNewswire/ — Didi Chuxing (“DiDi” or “the Company”), the world’s leading one-stop mobile transportation platform, announced today important progress in its latest fundraising round.  Among a group of prestigious Chinese and international institutions, Apple has invested USD$1 billion in DiDi, creating the single largest investment the Company has ever received.

Didi Chuxing factsheet.

http://photos.prnasia.com/prnvar/20160513/8521603099

Through this investment, Apple becomes a strategic investor of DiDi, and joins Tencent, Alibaba and other key supporters to help further DiDi’s mission of building a data-driven rideshare platform to serve hundreds of millions of Chinese drivers and passengers.

Cheng Wei, founder and CEO of DiDi, said, “The endorsement from Apple is an enormous encouragement and inspiration for our four-year-old company. DiDi will work hard with our drivers, riders and global partners, to make available to every citizen flexible and reliable mobility choices, and help cities solve transportation, environmental and employment challenges.”

“DiDi exemplifies the innovation taking place in the iOS developer community in China,” said Tim Cook, Apple’s CEO. “We are extremely impressed by the business they’ve built and their excellent leadership team, and we look forward to supporting them as they grow.”

Building on its data mining and analysis capabilities, DiDi now completes over 11 million rides a day on its platform, serving close to 300 million users across over 400 Chinese cities with a diverse range of mobile technology-based transportation options. DiDi works with over 14 million Chinese car-owners and drivers, holding over 87% market share in private car-hailing and over 99% market share in taxi-hailing.[1]

 [1]             "Focus Report on Private-Car
                Hailing in China 2015", China
                National Network Information
                Center

Didi Chuxing Media Enquiries

Mainland China

Brunswick Group
Didichuxing@brunswickgroup.com
+86 (10) 5960 8600

Hong Kong

Brunswick Group
Didichuxing@brunswickgroup.com
+852 3512 5000

United States

Sard Verbinnen & Co
Didichuxing@sardverb.com
+1 415 618 8750

Photo – http://photos.prnasia.com/prnh/20160513/8521603099