According to news from yesterday evening, Forteq Holdings, a subsidiary of Foxconn, has invested 119.9 million U.S. dollars in Didi Trips, holding 0.355% shares. At this point, the value of Didi Travel's trips reached 33.8 billion U.S. dollars.
Didi officially stated that “Foxcon is a global leader in the electronics industry. With the support of value investors at home and abroad, Didi will continue to devote its efforts to promoting the development of China’s outbound travel industry and create a better experience for users.â€
It is worth noting that the last round of financing for Didi Chudao reached US$7.3 billion. Investors include Apple, China Life, Ant Financial, Tencent, Alibaba, China Merchants Bank and Softbank.
Foxconn is the second industrial company to invest in Didi after Apple. As we all know, Foxconn is Apple's main foundry, in fact, it also got a lot of orders in car manufacturing. It is understood that there are 106 parts of Tesla that are manufactured by Foxconn and cover mold, wire harness, battery and other product lines.
Last year, Foxconn began to increase investment in automotive-related fields. In March of last year, the world’s largest foundry officially joined the Internet vehicle building program, and established the Harmony Futeng Company with Tencent and Harmony. It is reported that most of the CTOs, CEOs and other senior management teams of Harmony Futeng are from the traditional automobile manufacturing industry, and also include emerging companies such as Google and Tesla.
Looking at the actions in the past year, Foxconn is trying to get rid of the label of the foundry. In addition to building cars, Foxconn has also participated in investment projects in various fields. In June last year, Foxconn and Alibaba teamed up with SBRH, a subsidiary of SoftBank's Softbank Robotics Holding Co., Ltd., to invest a total of 14.5 billion yen, each holding 20%; in August last year, Foxconn, Japan’s Softbank and Alibaba.com each bought US$500 million in India’s shares. Business enterprise Snapdeal.
With this investment in Didi, Foxconn may once again hope to further transform itself through travel and car rental business.
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