Uber’s disappointing IPO and WeWork’s recent implosion are casting a shadow over another of SoftBank’s big bets: Chinese ride-hailing giant Didi Chuxing.
Some of Didi’s existing shareholders are looking to sell their stakes on the secondary market at much lower prices than the company’s most recent $57 billion valuation, people familiar with the matter said. That’s bad news for SoftBank, which together with Abu Dhabi’s state fund invested $4 billion into Didi in 2017 at a $56 billion valuation.
