Didi Ponders SoftBank-Led $6B Investment As China’s Ride Share Giant Suffers Volume Declines

China's Uber equivalent Didi Chuxing is considering whether to take a US$6 billion investment backed by SoftBank Group Corp. – which could be the largest private fundraising for an Internet company anywhere, anytime – as the Chinese ride sharing giant suffers volume declines after regulations were rolled out across the country.

SoftBank might be investing itself or from its yet-to-close US$100 billion SoftBank Vision Fund, a London-based massive technology investment vehicle seeded with US$45 billion from Saudi Arabia's sovereign wealth fund and US$25 billion from SoftBank, according to media reports citing insiders.

The investment could dilute Didi's existing backers, which total over 100 and include Apple Inc., China Investment Corp, Tencent Holdings Ltd. and Alibaba Group Holding Ltd. Tencent and Apple are reportedly consideri...

This news article comes via , who is the copyright owner of this information and news. FintekAsia.com has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like