China's Didi raises $500m for autonomous driving unit
SoftBank Corporation’s second Vision Fund – which currently comprises balance sheet capital from its parent – has led a $500 million funding round for the autonomous driving technology business of Chinese ride-hailing giant Didi Chuxing.
This is the first outside funding for the business and Didi claims it represents the single largest investment in China’s autonomous driving industry. The SoftBank-led round surpasses a $462 million...
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