Cyberspace Administration of China had ordered removal of the Didi app after investigations found its user data collection in 'serious violation' of regulations
In 2016, Uber Technologies Inc sold its operation to Didi in exchange for a 17.5% stake in the Chinese firm, which also made a $1 billion investment in Uber.
The funding, the unit's first round, was led by investors including Singapore state investor Temasek Holdings, CPE and IDG Capital, said the source, who declined to be named as the issue is not public.
The on-demand logistics services sector in China however is considered to be a crowded market, with Manbang, Huolala and Kuaigou as market leaders.
The $37 billion Ant Group IPO, shelved in November when China announced a new regulatory regime for fintech companies, would have propelled Hong Kong to the top of the global rankings.