SoftBank to plough $1.6b more into loss-making Didi Chuxing, says Son

Billionaire Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp. Photographer: Akio Kon/Bloomberg

SoftBank is investing an additional $1.6 billion in Didi Chuxing despite the Chinese ride-hailing giant’s mounting losses, which touched 10.9 billion yuan ($1.61 billion) last year, chairman and CEO Masayoshi Son said.

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