SoftBank Leads Investment Round in Didi Chuxing Autonomous Subsidiary
SoftBank (OTC: SFTBY) revealed today that it will lead a more than $500 million investment in an autonomous subsidiary of China's Didi Chuxing.
Softbank will invest via its new Vision Fund 2 vehicle, Didi Chuxing announced. This marks the first time Didi Chuxing's autonomous driving unit has raised money from outside sources and is the biggest fundraising round for any self-driving business in China. The company did not reveal the implied valuation for the autonomous subsidiary following Softbank's investment.
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Source Fool.com
