The Pak Banker

SoftBank leads $500m fundraisin­g for Didi

- -AFP

SHANGHAI: China's Didi Chuxing said on Friday it had completed a fundraisin­g round of over $500m for its autonomous driving subsidiary that was led by SoftBank Group's (9984.T) Vision Fund 2. The ridehailin­g giant said in a statement the round marked the first time Didi's autonomous driving business had brought in external funding since it became a standalone unit last year and was also the single largest fundraisin­g round in China's self-driving sector.

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