SoftBank and Legend Capital have invested $150m in the home-grown bicycle sharing platform that will be added to $850m from parent company Didi Chuxing.
Qingju, a China-based bicycle rental service spun off by ride hailing platform Didi Chuxing, has raised $150m from investors including telecommunications and internet group SoftBank, The Information reported yesterday.
SoftBank was joined by Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, according to people with direct knowledge of the deal. Didi itself is investing a further $850m alongside the external funding.
Formed in 2018 and incubated within Didi, Qingju operates an app-based bicycle sharing platform that forms…
