China's Didi Kuaidi is losing to Uber and is working on seeking funds to stay on top of the business.

According to TechInAsia, China's Hillhouse Capital Group is said to have invested on Uber in a staggering amount of $1 billion. Hillhouse is also known to have invested in Didi Kuadi, giving the idea that Hillhouse is playing safe on both ride sharing apps in China. While the agreement is not yet finalized, the idea of a top investor jumping to its number one competitor is reportedly a sure sign of losing partnership and income. Hillhouse has indeed capitalized on the rough and unsteady competition between the two ride-sharing providers and they can't just lose, said reports.

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Hillhouse's collaboration with Uber also gave the giant taxi service the boost to conquer China of their services alongside competitor Didi Kuadi.

According to reports, while it should make Didi Kuaidi relax a little, knowing Uber is still trying to woo China with its services, it won't be long before the top competitor takes reign on the business. Security and privacy concerns  also plagued the already embattled Didi Kuaidi, from reports in 2013, that there were reports of data leaks from the taxi apps.

In an article published by the Business Spectator, Didi Kuaidi is trying to raise funds amounting to $1.5 billion in order to stay within the value of $12 - $15 billion. Didi Kuaidi's mother company Xiaoju Kuaizhi has been trying to put up the amount of funds in order to stop Uber from dominating the ride-sharing market app in China.

Uber, who is now servicing at least 11 cities in China, is now looking forward to extend their services to another 50-80 more cities in China that have at least 5 million population. While Didi Kuaidi is being backed up by giant e-commerce businesses such as Alibaba and Tencent, Uber on the other is being backed up by Baidu, China's giant search language engine.

Based on the overall system shown about these ride-sharing apps, Uber is still ahead of Didi Kuaidi when it comes to security concerns.

TagsDidi Kuaidi, Uber, Xiaoju Kuaizhi, china ride sharing app, taxi services, china taxi service