DIDI MULLS SOFTBANK FUND­ING

But ride-shar­ing gi­ant will need to bal­ance in­ter­ests of ex­ist­ing in­vestors, in­clud­ing Alibaba and China’s sov­er­eign wealth fund

New Straits Times - - Business -

BEI­JING Hold­ings Ltd and Ap­ple were con­sid­er­ing if they should join the in­vest­ment on a pro-rata ba­sis to avoid a di­lu­tion of their stakes, said the peo­ple.

It’s un­clear if the money will be com­ing from the Japanese com­pany it­self or its yet-to-close US$100 bil­lion SoftBank Vi­sion Fund.

Didi, which amassed US$10 bil­lion of cash and equiv­a­lents last year, will need to de­cide whether it will take the ad­di­tional funds as it locks horns with Uber Tech­nolo­gies Inc and Al­pha­bet Inc in the de­vel­op­ment of driver­less tech­nol­ogy.

The com­pany is cop­ing with strin­gent reg­u­la­tions lim­it­ing the num­ber of pri­vate cars and driv­ers it op­er­ates, a reg­u­la­tory un­cer­tainty that may de­lay its time­line for an ini­tial public of­fer­ing, peo­ple

SoftBank chair­man Masayoshi Son

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