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Uber Raises $1.2B, Didi Raises $3B

Uber has confirmed that it has raised an additional $1.2 billion dollars in funding led by the Chinese search giant Baidu, to continue expanding Uber China, and the round is not yet closed. In response Didi Kuaidi has announced it has also raised $3 billion to its own coffers. #20150907TC #TC201537

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