Uber's China rival Didi Kuaidi raising about $1 bln - WSJ

Feb 24 (Reuters) - Ride-hailing service Didi Kuaidi, aChinese rival to Uber, plans to raise about $1 billion in itslatest fundraising round, the Wall Street Journal reported,citing sources. The company is seeking to raise the funds on terms thatwould value it at more than $20 billion, the Journal reported.(http://on.wsj.com/1T6YJ80) Didi Kuaidi, which has the largest market share ofcar-hailing apps in China, said in September it had completed a$3 billion fundraising round. The company is battlin