Japan’s SoftBank mulls $1 billion stake in Jack Ma-backed Chinese truck-hailing firm
March 26, 2018 at 09:57 AM EDT
Japan’s SoftBank Group Corp. is looking to invest $1 billion in a Chinese truck-hailing company backed by internet giant Tencent Holdings Ltd. and a private-equity firm co-founded by billionaire Jack Ma, according to people familiar with the matter.
