SoftBank Confirms It Will Invest USD5 Billion in Car-Hailing Operator Didi Chuxing

Yicai

2017-05-13

(Yicai Global) May 13 -- SoftBank will invest USD5 billion in car-hailing operator Didi Chuxing, indicates the bank’s earnings report as of the end of March 2017.  SoftBank said in the report that its subsidiary and Xiaoju Kuaizhi Inc., the operator of Didi Chuxing, entered into an agreement on April 17, whereby the subsidiary will make a total investment of USD5 billion in Kuaizhi.

SoftBank added that the impact of this agreement on the operating results by the end of March 2018 is not clear yet.

On April 28, Didi confirmed the completion of a new round of financing worth more than USD5.5 billion but did not disclose investors.