Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO

Chinese ride-hailing service Xiangdao Chuxing raises $148m, eyes IPO

Xiangdao Chuxing, the ride-hailing service backed by China’s largest carmaker, completed a 1 billion yuan ($148 million) fundraising that brings in an autonomous driving startup as new investor, the company said Monday.