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China tech

SoftBank leads $500m funding in Chinese ride-hailer Didi

Startup beefs up autonomous driving as competition intensifies

  © Didi

HONG KONG/TOKYO China's largest ride-hailing company Didi Chuxing has raised $500 million for its autonomous driving subsidiary in a funding round led by SoftBank.

The investment, the largest single funding round in China's autonomous driving sector, marks Didi's growing ambition in developing its own self-driving fleets as competition heats up and more companies begin launching robotaxi services to the public.

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