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Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News.
Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion and $5.25 billion, respectively, as of Tuesday morning.
Didi Autonomous Driving, the unit Didi created in 2020, has raised a total $1.55 billion to date, per PitchBook data, including a $298 million round in October 2024. …
