foxconnA unit of Foxconn Technology Group has invested US$120 million in Chinese ride-hailing giant Didi Chuxing in exchange for a 0.355% stake in the company, valuing the company at US$34 billion. The valuation is 28% higher than three months ago when Didi Chuxing completed a new US$4.5 billion funding round in June. Apple Inc., China […]

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Visit the original source and full text: China Money Network