This map shows how SoftBank dominates the global ride-sharing industry

📆 5/9/2019 12:20 PM
📰 CNBC

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 72%

United States News News

United States United States Latest News,United States United States Headlines

Softbank is Uber's biggest shareholder, and has spent over $20 billion to collected stakes in the biggest ridesharing players around the world from India's Ola to Singapore's Grab to China's Didi Chuxing.

Uber, which is slated to go public this week, is sometimes seen as the biggest player in ride-sharing.

SoftBank chairman and CEO Masayoshi Son has been making deals in the ride-sharing space for years and now the Japanese conglomerate has a hand in almost every major ride-sharing company. SoftBank has investments in Uber, Didi Chuxing, Grab in Southeast Asia, Ola in India and 99 in Brazil .With these investments comes a lot of influence. One way of looking at is that SoftBank is brokering peace by bringing competitors together so they can share resources and technology.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Meet the Olympic hopeful who brewed her way into a male-dominated industryMeg Gill is president of Golden Road Brewing, one of the most successful craft beer businesses in Southern California. Since it was acquired by Anheuser-Busch in 2015, its brews are now available nationwide.
Source: latimes - 🏆 11. / 82 Read more »