;Early last year, Cheng Wei, founder and chief executive officer of the Chinese ride-hailing juggernaut Didi Chuxing, tried to resist taking money from legendary investor Masayoshi Son. Cheng told the SoftBank Group Corp. chairman he didn't need the cash because his company had already raised $10 billion, according to people familiar with the matter. Fine, Son said. Then he suggested he might direct his support to one of Didi's rivals. Cheng relented and took the investment: $5 billion in the largest fundraising round ever for a tech startup.
展开▼
