SoftBank

SoftBank is already the largest backer of Didi’s ride-hailing business.

SoftBank backing out from the agreement would be “completely unethical,” especially given the current environment with the Covid-19 crisis, says WeWork.

Tech conglomerate moves to cut exposure as stock slides to more than 3-year low.

The company said the additional funds will help it achieve strategic objectives for 2020.

Nationwide coverage pushed to 2021 on logistical hurdles.

Other participants of this round include Tencent, Hillhouse Capital, and Sequoia Capital. 

Both deals were made late last year, before the coronavirus outbreak took a toll on China’s economy.

Japan’s top companies shift to crisis mode as outbreak spreads.