Chinese ride hailing giant Didi Chuxing will set up a venture with SoftBank to provide ride-hailing and other services for the Japanese taxi industry, the companies said in a statement on Friday.
The two firms aim to establish the joint venture and begin trial services in Japan this year. SoftBank is an existing investor in Didi, which raised $4 billion to fund its global push in December at a valuation of more than $50 billion.
Read Original Article
