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KuaiDi Dache, China’s Leading Mobile Taxi Booking App, Secures US$600 Million Investment from SoftBank Group, Alibaba Group and Tiger Global

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HANGZHOU, China & SAN CARLOS, Calif.--(BUSINESS WIRE)--Travice Inc., (“KuaiDi Dache”), the operator and developer of KuaiDi Dache, a leading mobile taxi booking app provider in China, SoftBank Internet and Media, Inc. (“SIMI”), and Alibaba Group Holding Limited (“Alibaba Group”) announced today an agreement under which SoftBank Group (further described below) led a financing round of approximately US$600 million, with participation from existing shareholders Alibaba Group and Tiger Global, to e

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