SoftBank Considers $6 Billion Investment in China Ride-Hailing Firm Didi - News Summed Up

SoftBank Considers $6 Billion Investment in China Ride-Hailing Firm Didi


SoftBank Group Corp. has approached China’s Didi Chuxing Technology Co. about investing roughly $6 billion to help the ride-hailing firm expand in self-driving car technologies, two people familiar with the matter said. The bulk of the investment would likely come from SoftBank’s planned $100 billion Vision Fund, in hopes of unlocking new value in China’s expanding ride-hailing market, one of the people said. The technology fund, originally slated to launch in January, has been delayed as SoftBank weighs different...


Source: Wall Street Journal March 28, 2017 08:15 UTC



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