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Softbank, others invest 70 billion yen in taxi hailing app
Kuaidi Dache will use funds to expand its services, market share
Published Thu, Jan 15, 2015 · 09:50 PM
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Tokyo
JAPAN'S SoftBank Corp said it and other firms including Chinese e-commerce giant Alibaba Group Holding Ltd had invested about 70 billion yen (S$795 million) into Travice Inc, the operator of Chinese taxi hailing app Kuaidi Dache.
Alibaba already holds an undisclosed stake in Kuaidi, one of two local apps that together c…
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