Didi Chuxing has teamed up with investor SoftBank to launch a taxi-hailing platform in Japan as they seek to capture a surge in Chinese tourists ahead of the 2020 Tokyo Olympics.
The Chinese ride-hailing app will attempt to crack a ¥1.7tn ($15bn) market that has confounded US rival Uber and one that SoftBank founder Masayoshi Son has condemned as “stupid” for imposing a ride-hailing ban.
“Today ride-hailing is prohibited by law in Japan,” Mr Son said at an annual company event on Thursday. “I can’t believe there is still such a stupid country. To protect the past, they are denying the future. It’s a crisis situation.”
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