The ride hailing service is reportedly near to raising $300m in a round led by existing backer SoftBank that will follow $18.3bn in earlier financing.

Internet and telecommunications group SoftBank is close to sealing an agreement to lead a $300m funding round for China-based on-demand ride provider Didi Chxuing, The Information reported yesterday. The other prospective participants in the round have not been revealed. The Information cited people with knowledge of the situation, and Technode confirmed the news with a…

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