China’s Didi Chuxing raises over $500 million for autonomous driving unit

FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee

SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary.

The ridehailing giant said the round was led by SoftBank Vision Fund 2 and marks the first time Didi’s autonomous driving business has brought in external funding since it was established.

Reporting by Brenda Goh and Yilei Sun; editing by Jason Neely

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