Friday, April 28, 2017

China’s Uber





According to Co, china’s Didi Chuxing Technology, Their new funds round has raised to 5.5 billion, and that will develop its global growth and takes it to the next level, and that is Artificial intelligence. The casting money makes The Beijing establishing to the top company’s estimate which is more than 50 billion, and it also one of the biggest Asia startup. 

Didi was estimated at 36 billion in August, after cooperating with Uber technology’s. Then it comes with new sponsor such as China Merchants Bank and Menlo Park. These funding mad Didi more valuable than  the electronic company Xiaomi Corp, that estimated $46 billion. 

Didi managed 20 million ride a day during the fall. Therefore, Didi planning on developing autonomous cars this March by opening a research and development lab in Silicon Valley. The lab going to concentrate on artificial intelligence security based and intelligent driving technologies.

By: Mohammed Almomen

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