Microblogging Platform Weibo to Invest USD 142 Mln in Didi Kuaidi
Weibo, 5/26/15
Chinese microblogging platform operator Weibo Corporation (Nasdaq: WB) has revealed in a US Securities and Exchange Commission (SEC) filing that it has agreed to invest USD 142 mln in mobile taxi booking apps Didi Dache ("Didi Taxi") and Kuaidi Dache ("Kuadi Taxi") in their latest round of equity financing. The funding will be made through the apps' Cayman Islands holding company, Xiaoju Kuaizhi.
Editor's Note: Xiaoju Kuaizhi is often referred to unofficially as Didi Kuaidi.
To view the complete SEC filing please click here.
Keywords: Xiaoju Kuaizhi taxi booking app wireless Weibo WB Didi Kuaidi microblogging M&A
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