Both companies plan to set up joint venture and start trial services in Japan within this year

[BEIJING and TOKYO, February 9, 2018] Didi Chuxing (“DiDi”), the world's leading mobile transportation platform, and SoftBank Corp. (“SoftBank”) today announced the establishment of a partnership to provide platform services for the taxi industry. The partnership will utilize DiDi's advanced AI technologies to build ride-hailing platforms to enhance efficiency for both taxi operators and drivers. DiDi and SoftBank aim to commence trial services in Osaka, Kyoto, Fukuoka, Tokyo and other locations within this year. DiDi and SoftBank also plan to set up a joint venture in Japan.

Taxi services in Japan are known for high standards of quality. Both partners believe DiDi's deep learning-based demand prediction and smart dispatch systems, combined with SoftBank's local resources and expertise, will help Japan's taxi operators further optimize taxi ride-hailing services and increase passenger convenience. SoftBank has consistently sought to bring cutting-edge technologies to Japan. This partnership between DiDi and SoftBank demonstrates one such effort.

DiDi and SoftBank will diligently study local market conditions and policies, and will actively engage with industry practitioners, policymakers and other stakeholders, with the aim of building an open and inclusive platform that will be available to all of Japan's taxi operators.

From its founding as a taxi-hailing business, DiDi has been building up a world-leading one-stop transportation platform since 2012. The company continues to apply its big data capabilities to increase taxi drivers' work efficiency and income. With 2 million taxi drivers connected to the app, DiDi is now the world's leading online platform for taxi-hailing. In 2017, taxi drivers completed 1.1 billion rides on DiDi. DiDi is also working closely with taxi companies to help them build intelligent IT and driver management systems. Currently DiDi has established partnerships with about 500 taxi operators in China.

About Didi Chuxing

Didi Chuxing is the world's leading mobile transportation platform. The company offers a full range of app-based transportation options for over 450 million users, including Taxi, Express, Premier, Luxe, Hitch, Bus, Minibus, Designated Driving, Car Rental, Enterprise Solutions and Bike-Sharing. With its daily rides reaching up to 25 million, over 21 million drivers and car owners are generating flexible income on DiDi platform. DiDi leverages its big data-driven artificial intelligence capabilities to promote the transformation and upgrading of the taxi industry and bus industry and help cities develop smart transportation solutions. It develops intelligent driving projects and expand business in new energy vehicle industry, along with its acceleration of internationalization. DiDi has created investment and technology partnerships with seven international rideshare leaders, including Grab, Lyft, Ola, Uber, 99, Taxify and Careem. The global network reaches over 70% of the world's population and covers over 1000 cities. DiDi is committed to working with communities and partners to solve the world's transportation, environmental and employment challenges. By continuously improving the user experience and creating social value, it strives to build an open, efficient, collaborative, and sustainable transportation ecosystem.