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SoftBank leads $500 million fundraising for Didi’s self-driving unit

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

BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s (9984.T) Vision Fund 2.

The ridehailing giant said in a statement the round marked the first time Didi’s autonomous driving business had brought in external funding since it became a standalone unit last year and was also the single largest fundraising round in China’s self-driving sector.

Didi said it would use the capital to invest further in the research and development of autonomous driving technology as well as testing, and accelerate the deployment of autonomous driving services.

Didi has gained open-road testing licences in California, Beijing, Shanghai and Suzhou, it said. It first began to develop and test

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

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

BEIJING/SHANGHAI (Reuters) – China’s Didi Chuxing said on Friday it had completed a fundraising round of over $500 million for its autonomous driving subsidiary that was led by SoftBank Group’s Vision Fund 2.

The ridehailing giant said in a statement the round marked the first time Didi’s autonomous driving business had brought in external funding since it became a standalone unit last year.

Didi said it would use the capital to invest further in the research and development of autonomous driving technology as well as testing, and accelerate the deployment of autonomous driving services.

Didi has gained open-road testing licences in California, Beijing, Shanghai and Suzhou, it said. It first began to develop and test autonomous driving vehicles in 2016.

The fundraising comes as SoftBank has been selling off other

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Payments startup Marqeta raises $150 million, hits $4.3 billion valuation

NEW YORK (Reuters) – Payment card issuing startup Marqeta has raised $150 million from a U.S. institutional investor, doubling its valuation to $4.3 billion, the company said on Thursday.

The Oakland, California-based company declined to disclose the name of the investor.

The deal comes a year after Marqeta raised $260 million in a round led by hedge fund Coatue Management with participation from Vitruvian Partners and others.

Marqeta will use the funding to further develop its product and continue its international expansion, chief executive and founder Jason Gardner said an interview.

Backed by Goldman Sachs Group Inc (GS.N) and Visa Inc (V.N), Marqeta has developed a platform that it says makes payment card issuing and processing simpler and more efficient for businesses.

Marqeta’s clients include many well-known technology startups such as payments company Square Inc (SQ.N), ride-hailing company Uber Technologies Inc (UBER.N),

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Carlyle-backed ZoomInfo looks to raise about $800 million in Nasdaq listing

(Reuters) – ZoomInfo Technologies Inc expects to raise up to $801 million in its U.S. initial public offering (IPO), as the market for new issues rebounds after the COVID-19 pandemic put several debuts on hold for a couple of months.

The Carlyle-backed business intelligence platform said on Wednesday it expects its offering of 44.5 million shares to be priced between $16 and $18 per class A share, valuing it at $6.89 billion at the top end of the range. (bit.ly/2TKplRk)

Some funds and accounts managed by units of BlackRock Inc (BLK.N), entities related to Dragoneer Investment Group, and Fidelity Management & Research Company have indicated an interest in buying shares worth $100 million each as part of the IPO, ZoomInfo said in a filing.

ZoomInfo follows Warner Music Group, which said on Tuesday it was aiming to sell up to $1.82 billion in stock in its

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