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Uber’s China Rival Said to Raise Funds From Ping An, Capital

Didi Kuaidi, the Chinese car-booking business, has attracted funding from Ping An Insurance (Group) Co. and Capital International Private Equity Funds, according to people familiar with the matter.

Hillhouse Capital Management and Coatue Management are also investing, the people said, asking not to be identified as the matter is private. In total, nearly $2 billion was raised in the latest round, valuing the company at about $15 billion, the people said.