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China's Didi gets US$4b in fresh funds from SoftBank

It aims to expand overseas, and develop artificial intelligence, autonomous car technologies

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Didi's expansion comes at a difficult time for Uber, which is grappling with heightened regulatory scrutiny in Europe as well as mounting losses.

Beijing

DIDI Chuxing has scored another investment from SoftBank Group Corp in a massive funding round that will bankroll the Chinese ride-hailing leader's exploration of new markets and technologies.

Didi said it's secured new financing of more than US$4 billion. That pushed its...

sentifi.com

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