Didi Chuxing Technology Co., the country’s biggest ride-sharing company, closed a $4.5 billion fundraising round that attracted $1 billion from Apple and $600 million from China’s top life insurer,... HONG KONG—China’s homegrown competitor to Uber Technologies Inc. has raised $7 billion in its latest fundraising effort, giving it a host of powerful allies including Apple Inc. to fend off the global ride-hailing champion locally.

Source: Wall Street Journal June 15, 2016 10:07 UTC