Uber’s China rival Didi Kuaidi seeks $1 bln in new funding round-sources

* Terms of newest funding round yet to be finalised* New funds to intensify competition with Uber * Didi Kuaidi seen using funds for new businesses(Adds sources confirming funding round, use of funds) Feb 25 (Reuters) – Ride-hailing service Didi Kuaidi, Uber
Technologies Inc’s chief rival in China, plans to raise at least
$1 billion in its latest fundraising round, bulking up its war
chest to fend off competition and invest into new businesses,
people familiar with the plans said on