---
title: "Chinese Uber Rival Didi Chuxing May Be a $50 Billion Company After New Investment"
description: "Didi Chuxing is raising a new round of capital."
date: "2017-04-26"
modified: "2019-06-17"
authors:
  - name: "Aaron Brown"
    job_title: "Staff Editor"
    link: "https://www.thedrive.com/authors/aaron-brown"
url: "https://www.thedrive.com/news/9711/chinese-uber-rival-didi-chuxing-may-be-a-50-billion-company-after-new-investment"
categories:
  - "Car Tech"
  - "News"
tags:
  - "China"
  - "didi chuxing"
  - "Uber"
---

# Chinese Uber Rival Didi Chuxing May Be a $50 Billion Company After New Investment

![](<https://www.thedrive.com/wp-content/uploads/images-by-url-td/content/2017/04/gettyimages-585139466.jpg>)
*\<em\>www.thedrive.com</em>*

Uber's primary Chinese rival Didi Chuxing is working its way to becoming a $50 billion company as it raises between $5 and $6 billion in its [current funding](<https://www.founderscircle.com/how-we-serve>) round, [CNBC reports](<https://www.cnbc.com/2017/04/26/did-chuxing-raising-5-billion-at-50-billion-valuation.html>). And from the sound of things, the rival is generally in a whole lot better spot (performance-wise, at least) than where Uber is currently.

According to CNBC's report, China Merchant Bank, Softbank, and Silverlake are part of Didi's latest funding round.

As a frame of reference for Didi's $50 billion valuation, Uber is currently valued at $66 billion. However, a recent report from *The Information* showed that Uber's stock in the secondary market could be falling, dropping its valuation to [almost $50 billion](<https://www.theinformation.com/controversies-take-a-toll-on-ubers-stock>).

Following a period of aggressive ride-hailing competition in China, [Didi took control of Uber in China](<https://www.thedrive.com/news/4656/uber-sells-chinese-operations-to-rival-didi-chuxing>) in 2016 and left Uber with a 20 percent stake in the Chinese firm and a $1 billion investment.

It remains to be seen whether this most recent round of [investment](<https://www.thedrive.com/news/4027/ubers-chinese-rival-didi-chuxing-just-raised-7-billion>) could help push Didi forward into the broader ride-hailing market worldwide.

## Author
Aaron was previously a contributing writer with Jalopnik and has also written for Business Insider covering cars. When he's not in the office writing the news, you'll probably find him thrashing a beater car around a RallyCross.

### Author social links  
[Instagram](<https://instagram.com/aaronmaxb>)  
[Twitter](<https://twitter.com/aaronmaxb>)