Chinese ride-hailing company Didi announces US IPO plans
© Reuters. FILE PHOTO: A Didi logo can be seen at Didi Chuxing’s headquarters in Beijing, China on November 20, 2020. REUTERS / Florence Lo
(Reuters) – The Chinese ride-hailing company Didi Chuxing published its application to be listed on the US stock exchange on Thursday, paving the way for one of the world’s largest IPOs this year.
Didi, which merged with its main competitor at the time, Kuaidi, to create a smartphone-based transport service provider in 2015, counts a mobile app as part of its core business, with which users can stop taxis, private cars, car pools and, in some cities, even buses.
Didi, supported by Asian technology investment giant SoftBank Corp, Alibaba (NYSE 🙂 Group Holding Ltd and Tencent Holdings (OTC 🙂 Ltd plan to list on Nasdaq or the New York Stock Exchange under the symbol “DIDI,” the company announced. (https: //
Cheng Wei, Didi’s chief executive officer, said last year the company aims to have 800 million monthly active users worldwide by 2022 and 100 million daily orders including carpooling, bike and food deliveries by 2022.
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