SoftBank invests $100m in Brazilian ride-hailing app 99

SoftBank invests $100m in Brazilian ride-hailing app 99

People walk past a retail shop of the SoftBank telecommunications company in Tokyo, Japan, May 10, 2016. REUTERS/Thomas Peter/File Photo

Japan’s SoftBank Group Corp agreed to invest $100 million in Brazilian ride-hailing app 99, the startup said on Wednesday, capping off a fund-raising round totaling more than $200 million.

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