Chinese car-hailing app Didi Chuxing said on Monday it had received an investment of about $600 million from China Life Insurance Co Ltd Cheap Nike Air Max 90
, boosting resources to fund its battle with Uber just a month after it raised $1 billion from Apple Inc.
The latest fund-raising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China. Uber raised $3.5 billion from Saudi Arabia's sovereign wealth fund in new resources earlier this month.
People walk out of the headquarters building of Didi Chuxing in Beijing, China, May 18, 2016.
The investment by China Life - the largest insurer in the Asia-Pacific region by market value - included equity of $300 million and a long-term borrowing commitment of $305 million, the companies said in a statement.
"The two parties will also collaborate on investment opportunities in mobile transportation and related sectors in China and beyond Cheap Nike Air Max
," the statement said.
Apple invested $1 billion in May in Didi, a move that Apple Chief Executive Tim Cook said would help his company better understand the critical Chinese market.
Didi and Uber have spent heavily to subsidise fares to gain market share in China, raising speculation in local media that they might ultimately join forces. Didi itself teamed up with a former local rival last year.
Prior to the China Life investment, the company had raised about $6.3 billion including funding rounds before and after it became a merged company, according to research firm CB Insights.
In May Cheap Air Max 1
, sources told Reuters that Didi, which completes more than 11 million rides a day, was working towards in initial public offering in the United States that would likely take place in 2018.
MACAO, Dec. 3 (Xinhua) -- Macao Light Festival 2017 was unveiled at the Ruins of St. Paul on Sunday night, kicking off a string of events and festivities to fill the entire December with new elements of tourism and leisure.
Under the theme "Wish-Making under the Stars" Cheap Air Max 95
, the opening ceremony featured dance performance choreographed and performed by a local dance troupe. The opening kicked off an array of projection mapping shows and light installations at eight local tourist attractions, taking visitors and residents onto a dazzling journey.
In the opening ceremony, Macao Government Tourism Office Director Senna Fernandes said that the tourism office will forge the Macao Light Festival into one of Macao's annual signature events and continue to combine elements of gastronomy, culture and creativity for the goal to build Macao into a world center of tourism and leisure.
She also added that a string of other events and festivities will follow in this month, including the 2nd Macao International Film Festival & Awards Cheap Air Max 90
, the Macau Shopping Festival and the Macao International Parade, as well as celebrations for the 18th anniversary of the establishment of the Macao SAR, the Christmas holidays and the New Year's Eve.
Staged from 7:00 p.m. to 10:00 p.m. local time from Dec. 3 to 31, the festival will present projection mapping shows, light installations Cheap Air Max
, interactive games and a series of new activities such as light art exhibitions, outdoor local concerts and outdoor movie shows. Related cultural and creative products will also be launched during the festival.
HOUSTON, Oct. 24 (Xinhua) -- Over 2.6 million U.S. dollars have been raised during a charity concert attended by the five living former U.S. presidents, the spokesperson for George H.W. Bush office said Tuesday.
The concert was attended by the five former U.S. presidents, Jimmy Carter Cheap Nike Air Max 1 Shoes
, George H. W. Bush, Bill Clinton, George W. Bush and Barack Obama. It was the first time the presidents reunited in four years.
All five living former presidents appeared together on stage at the "One America Appeal" fundraiser at the Texas A&M University in College Station, about 140 km northwest of Houston.
Jim Grath, the spokesman Cheap Nike Air Max 95 Shoes
, said that the concert has raised 1.5 million dollars through its website, another 100,000 dollars through Facebook, and 75,000 dollars through Text To Donate courtesy of AT&T.
Ticket sales for the concert raised another 970 Cheap Nike Air Max 90 Shoes
,000 dollars for hurricane recovery thanks to underwriting that covered all event expenses.
Sitting President Donald Trump did not attend the event. Instead, he sent a video message thanking the former presidents for their efforts in helping with hurricane relief.
The event was originally aimed at raising funds for victims of Hurricane Harvey, which hit the Texas Gulf Coast on Aug. 25 and killed more than 80 people.
It was later expanded to help those affected by subsequent Hurricane Irma that battered the southern state of Florida and Hurricane Maria that thrashed Puerto Rico and the U.S. Virgin Islands.
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