The surest sign yet that all these late-stage mega deals really are private IPOs


A few weeks ago, I wrote about Chinese ride-sharing giant Didi Kuaidi showing off just how much money it could get from its ginormous backers– Tencent, Alibaba, Softbank and other hedge funds and mega-Chinese institutions– by making an investment itself in fellow Asian Uber-spoiler GrabTaxi.

I remarked that I couldn’t remember seeing startups do that before. About the same time I wrote those words, it was apparently becoming a meme. CB Insights has published a report detailing 14 other cases of it— and many of them are also Asian super-startups…

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