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Didi has entered markets in Europe, Africa, the Middle East and Brazil in partnership with local companies as a strategic move to intensify its overseas markets, according to the company's website. The company also launched Didi Labs in Mountain View, California earlier this year to attract more talent and explore new investment opportunities.

Dimas Covas, director of Instituto Butantan, said, "The approval of phase three clinical trials demonstrates that the Sinovac and Butantan partnership is an efficient collaboration, offering the hope of saving lives worldwide."

DiDi told China Daily "both parties are still exploring details of the cooperation and will focus on building a fleet operation business, and look into other areas such as designing new car models for ride-hailing."

Despite the significant investments Alibaba, JD and other e-commerce platforms have made in warehouses, IT systems and automated sorting processes, it remains to be seen whether technological advancements in the logistics sector will keep pace with the expected increase in volume.

Didi said the latest fundraising will be used to support artificial intelligence capacity-building, international expansion and new business initiatives, including the development of new energy vehicle service networks.