Ride-hailing giant Didi Chuxing close to raising US$1.5 billion for on-demand trucking unit

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Ride-hailing giant Didi Chuxing Technology Co is close to finalising a US$1.5 billion round of funding for its on-demand trucking unit from investors including Singapore’s Temasek Holdings, surpassing its fundraising target as investors count on a Chinese economic recovery to fuel shipping.Jack Ma’s Yunfeng Capital and IDG Capital will join the financing for Didi Freight, an Uber-like trucking service, a person with knowledge of the matter said. Ma is the founder of Alibaba Group Holding, the…

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