SoftBank led $500M investment in Didi in China's biggest autonomous driving round

SoftBank led $500M investment in Didi in China's biggest autonomous driving round

Yahoo - Autos·2020-05-29 19:21

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The race to automate vehicles on China's roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round -- the single largest fundraising round in China’s autonomous driving sector -- is its existing investor Softbank, the Japanese telecom giant and startup benefactor that has also backed Uber.

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