SoftBank To Invest $1.6B More In Ride-Hailing Giant Despite Its Widening Losses

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SoftBank is pouring an additional US$1.6 billion into Didi Chuxing, which will be its third investment in the Chinese ride-hailing giant despite Didi Chuxing suffered losses of RMB10.9 billion (US$1.61 billion) in 2018, SoftBank chairman and CEO Masayoshi Son said last Friday.

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