SoftBank offers $6bn to Didi Chuxing

Mar 29, 2017 • Robert Lavine

Didi Chuxing is reportedly mulling a $6bn investment by SoftBank, with two more existing backers, Tencent and Apple, considering participation as well.

China-based ride hailing app Didi Chuxing is considering taking a $6bn investment from telecommunications and internet group SoftBank, Bloomberg reported yesterday, citing people familiar with the matter.

Originally made up or rivals Didi Dache and Kuaidi Dache before a merger in early 2015, Didi Chuxing is the overwhelming leader in China’s on-demand ride market and agreed to acquire the Chinese subsidiary of US-based Uber in August 2016 for $7bn in cash and stock.

The company has raised approximately $10.5bn in…

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