Alibaba Group Holdings Ltd. is partnering with its Internet finance affiliate Ant Financial Services Group, which operates the payments platform Alipay, to invest an additional US$400 million in Didi Chuxing, the Chinese ride-sharing services firm.
In a report from Tencent Technology, it was observed that there was a lack of clarity on whether this transaction was part of a $2.5 billion funding round or a separate investment from the current round that Didi Chuxing is attempting to raise.
