Announced
Completed
Financials
Sources
Tags
Single Bidder
Private
Acquisition
Transportation Services
Domestic
Private Equity
Completed
Minority
China
ride-hailing
Friendly
Synopsis
Yingtong Technology, Tongcheng, an online travel agency, and Virtue Capital, an investment company, led a $1.2bn funding round in T3, a ride-hailing company. T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride hailing market leader Didi Global which is facing a cybersecurity investigation by Chinese authorities.
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