Softbank Subsidiary invests 2 billion U.S. dollars in investment in the future

[Global Network reporter Chen Jian] on May 10, according to foreign media reports, China's taxi application Didi travel announced on April 28 to obtain 5.5 billion US dollars of financing, including Softbank Group's investment division "Softbank Capital "(SoftBank Group Capital Ltd) invested 2 billion U.S. dollars.

On April 28, Didi Travel announced the completion of a new round of financing with a financing scale of US$5.5 billion from Bank of Communications, China Merchants Bank, Softbank, and Silver Lake. Among them, only Silver Lake Capital is a new entry, and the other three have invested in it. The last financing of Didi Chuxing occurred in December 2016. It obtained tens of millions of US dollars of F Series pre-IPO financing from Legal Capital. Prior to this, the largest financing took place in June last year, and the financing amount was US$4.5 billion. , Softbank China was one of the investors.

According to a disclosure by the UK's Companies House, Softbank Capital's funds were invested in Xiaoju Kuaizhi Inc., the official name of the company.

The investment in Alibaba that year brought about $85 billion in book returns to Sun Zhengyi. This has also become a beautiful talk, let people see the eyes of Justice Sun, always investing in the future. Sun Zhengyi recently focused on the field of travel and selected a group of lower-priced companies to invest.

Softbank also invested Uber’s biggest competitor in Southeast Asia, Grab, and Ola, India’s largest taxi platform, in March, all of which are seen as Softbank’s search for the next Alibaba.

In addition, Softbank Capital also invested US$300 million in shared office startup WeWork Cos, invested US$63.50 million in SB Energy Holdings, and invested US$75 million in California biotechnology company Zymergen.

Sun Yat-sen’s joint investment fund of Softbank attracted Saudi Arabia’s sovereign wealth funds. The latter considered investing up to US$45 billion. Technology giants such as Apple and Qualcomm also said they would participate in the investment. According to previous sources, Mubadala Development Corporation of Abu Dhabi also considered investing up to US$15 billion. In addition, Softbank plans to invest at least 25 billion U.S. dollars.

Last year the Japanese company announced plans to establish the Vision Fund, aiming to create one of the world’s largest technology investment institutions in the next decade. According to Bloomberg data, Softbank invested more than US$30 billion in technology companies in the past year. Its biggest deal was the acquisition of ARM Holdings, a chip design company based in Cambridge, England. Softbank also invests in cyber security, gaming and cloud computing.

Softbank and Didi have not responded immediately to the comment request.

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