Didi Stock in Deep Doo-Doo Amid China's War on Big Tech ... Xiaoju Kuaizhi: Five key numbers from Didi's IPO ... China's largest ride-sharing company Didi Chuxing has filed for a highly anticipated listing in the US, offering the first . Didi ended the day at $12.49, and it continued bleeding in after-hours trading by sliding another 1.3%. PDF Table of Contents 8 Dongbeiwang West RoadHaidian District, Beijing, People's Republic of China. 1 Block B, Shangdong Digital Valley No. Major shareholders to reap returns . Chinese Carpooling Platform Dida Chuxing Refiles for Hong ... Chinese Ride-Hailing Giant Didi Updates Prospectus to ... Prior to the pandemic, its revenue had risen 11% from 2018 to 2019. Didi updated its prospectus on June 25th, Beijing time. The company didn't disclose the size of the offering, but Reuters reported that Didi could raise about $10 billion with a valuation close to $100 billion. (Source: Didi Chuxing) Didi updated its prospectus to SEC in the small hours of June 25th, Beijing time, according to reporting by Tencent News. ishwarkimmins June 10, 2021. China Probes Ride-Hailing Giant Didi Ahead Of IPO. DiDi is present in 15 countries and has 493 million annual active users, 16 million annual active drivers and 41 million average daily transactions as of Mar. Beijing-based ride-hailing platform Dida has filed for an initial public offering to raise new funds from the capital market, ahead of its major rival Didi Chuxing, according to its prospectus filed with the Stock Exchange of Hong Kong on Wednesday. Didi Chuxing's service offerings include: Didi Taxi, Didi Express (ride-sharing), Didi Premier (rides with special requests such as child car seats and adaptive vehicles for disabled riders), Designated Driving (having a driver drive the consumer's car), Enterprise Solution (business travel services), Didi Bus (bus pooling and dispatching), Didi Luxe (professional chauffeurs in mid-to-high . Most of Didi Chuxing's business is still on the home turf. Cheng Wei, Didi's 38-year-old founder, owns 7% of the company's shares and controls 15.4% of its voting power before the IPO, according to the prospectus. With a valuation rumored anywhere from $70 billion-$100 billion, the stock will earn an unattractive rating. Money-losing car services provider Dida Inc. has filed for a Hong Kong IPO, joining global peers like Uber and Lyft, and beating out larger hometown rival Didi Chuxing to publicly-traded status despite a faltering financial performance. Didi's IPO prospectus disclosed the net loss of $5.47 billion in the three-year period between 2018 and 2020, but a net income of $0.8 billion for the three months that ended March 31, 2021. . Chinese ride-hailing giant Didi Chuxing Inc. expects to raise as much as $4 billion in its New York Stock Exchange debut, setting it up for what is likely to be the biggest U.S. initial public offering (IPO) this year. It offers a wide range of app-based services across Asia Pacific, Latin America and Africa, as well as in Central Asia and Russia, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility as well as auto solutions, food delivery, intra-city freight and financial services. This was the second round of U.S. sanctions against SenseTime . A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. The company didn't reply to a request for comment as of press time. 3 min read. The probe, reported here for the first time, is the latest in a sweeping crackdown on China's so-called "platform . If it is privatization, the stock price must rise sharply. (Note: DiDi Global upsized its IPO at pricing on June 29, 2021, by offering 317 million ADS, up from 288 million ADS in the prospectus, at $14 - the top of its $13-to-$14 price range - to raise $4.438 billion.) The two lawsuits come a week after Didi's New York Stock . Didi acknowledged the risks in its prospectus, writing that there have been "heightened tensions in international economic relations." It mentioned US-China disputes on trade, Covid-19 and Hong . Didi reportedly plans to submit its Hong Kong IPO prospectus around March 2022. I do not think . This Beijing-based firm that filed under its legal name Xiaoju Kuaizhi, mentioned that it will list under the symbol Didi on the New York Stock Exchange or Nasdaq.Didi is yet to specify a timeline or the amount . Didi Chuxing's profits The ride-hailing business is famously unprofitable, but the company managed to generate 5.5 billion yuan ($837 million) in net income in the three months ended in March . Address: No. C. China's ride-hailing giant, Didi Chuxing, which owns the largest market share in the nation of 1.4 billion people, is looking to go public and could fetch upward of 70 billion USD in valuation. Didi Chuxing acquired Uber China in 2016 and launched operations in Brazil and Mexico in 2018. (Beijing) — The valuation of Chinese ride-hailing giant Didi Chuxing has been in the spotlight since global peer Uber filed for its initial public offering (IPO) in the U.S. last week and smaller rival Lyft became the first industry player to go public last month. Chinese ride-hailing giant Didi's IPO prospectus in five numbers. Regulators in China have launched an antitrust probe into the ride-hailing company Didi Chuxing just as it prepares for what could be the largest . The company sold 316.8 million American depository receipts . It's Official: DiDi's Gone Public on NYSE. Didi Chuxing Technology Co., the Chinese ride-hailing behemoth, made its IPO papers public on Thursday, setting the company up to raise billions and begin trading publicly in the U.S. in July. Founded in 2021, Didi Chuxing is doing business in more than 4,000 cities in 15 countries with 493 million annual active users as of last March, per the prospectus. Didi Chuxing Technology Co., China's ride-hailing behemoth, made its IPO, Initial Public . As an online car-hailing platform with taxis and ride-hailing as its core business, Dida Chuxing was founded in 2014 and has been around for six . Chinese regulators have gained a reputation for aggressive action, but even hardened investors were shocked by the announcement of a probe into ride-hailing firm Didi just two days after its $4.4 billion New York stock market debut. This giant ride-hailing - because "taxi" is so last-century - company filed IPO papers with the SEC on June 11. Beijing-based Didi Chuxing has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering that could raise several billion dollars, according to people . Dida Chuxing had 200 million registered users, retained 10.8 million private car owners and served 42 million customers as of the end of last year. The company was blacklisted by the U.S. three days ago, barring Americans from investing in the company. China's IPO-bound Didi probed for antitrust violations - sources. If completed, it would be the first Chinese car hailing company to list publicly. Chinese ride-hailing service company Didi Chuxing has announced an initial public offering in the United States, revealing the financial damage to its business from last year's pandemic and the strength of its recovery to date this year, the biggest in 2021. China's market regulator has begun an antitrust probe into Didi Chuxing, three people with knowledge of the matter said . The prospectus that the firm filed in the US on June 10 devoted 60 pages to alerting potential investors to risk factors. Didi, the world's largest mobility-technology platform, operates in 15 countries and counts over 493 million annual active users globally, according to its prospectus. HONG KONG (Reuters) -China's market regulator has begun an antitrust probe into Didi Chuxing, three people with knowledge of the matter said, just as the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year. Didi said in its prospectus that bike and e-bike sharing contributed the most last year to its . Didi, the world's largest mobility-technology platform, operates in 15 countries and counts over 493 million annual active users globally, according to its prospectus. China's Didi Could Be World's Biggest IPO in 2021C. Didi Chuxing, the Chinese ride-hailing company, unveiled filings for a public share offering in the US, disclosing the financial damage . China's Didi Chuxing seeks $4bn in New York listing Prospectus for ride-hailing company points to market capitalisation of $64.7bn Didi Chuxing chief executive Cheng Wei speaks at a product . HONG KONG (Reuters) -China's market regulator has begun an antitrust probe into Didi Chuxing, three people with knowledge of the matter said, just as the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year. Didi Chuxing (DIDI) is expected to go public sometime in July 2021. Photo: AFP / Jade Gao. 31, 2021, according to the filings. The carpooling startup filed its prospectus to the Hong Kong Stock Exchange on Thursday, though in keeping . If it rises to $ 14 per share, DiDi will be unable to take such a huge amount of money to complete the delisting, which is bound to trigger new turmoil. Didi confidentially filed for its IPO in April and is aiming to go public in July. It made its public debut on the NYSE on June 30 at a price of $14 a share. DiDi Global Inc is primarely in the business of services-business services, nec. They can call it what they like, but Didi Chuxing (Didi) is basically a glorified taxi business, picking people up and driving them somewhere else like any other. Shares of Chinese ride-hailing giant Didi Global ended their first day of trading on the New York Stock Exchange at $14.14 apiece, kicking off what is set to be a busy summer of initial public offerings on the U.S. exchanges.The price represented an increase of 1% from Didi Global's IPO price of $14 per American depository share on Tuesday. The regulators asked the companies to conduct a "self-inspection" and submit compliance commitments, it said. Chinese ride-sharing behemoth DiDi Chuxing filed for its U.S. IPO on Thursday, June 10, leaving it poised to become one of the biggest tech public offerings of 2021.. DiDi successfully listed and began trading on the NYSE under the ticker "DIDI" on June 30, raising $4.4 billion.. Didi Chuxing's carpooling service, Hitch, faced significant setbacks when two passengers were killed by drivers using its app in separate incidents. The companies were asked to identify and correct possible . Didi IPO prospectus sets stage for $65bn-plus listing. According to Didi's prospectus, the company is the world's largest mobility technology platform. Any representation to the contrary is a criminal offense. According to Phoenix Technology, DiDi Chuxing targets to submit an IPO prospectus in Hong Kong around March next year. Didi Chuxing's main app ranked 13th while its budget ride-hailing unit Huaxiaozhu was the worst among the 17 in terms of taking compliant orders, according to the ministry. The largest Chinese ride-hailing company, Didi Chuxing (Didi), recently filed a preliminary prospectus for an IPO in the US. Some examples of its notable M&A participations include the likes of Meituan-Dianping (former Group buying platform Meituan & Yelp-like website Dianping) and Didi Chuxing (former Didi Dache and arch-rival Kuaidi Dache). Both Tencent and Alibaba also . HONG KONG (June 17): China's market regulator has begun an antitrust probe into Didi Chuxing, three people with knowledge of the matter said, just as the ride-hailing giant is pushing ahead with what could be the largest initial public offering in the United States this year. The company's prospectus showed that it booked $21.6 billion in revenue in 2020, a 8.4% fall from a year earlier, due primarily to the impact of the Covid-19 outbreak. In this period, global shared mobility and electric vehicle penetration are expected to increase from 2% and 1%, respectively, to 23.6% and 29.3%. The company's stock began trading at $16.65 per . Didi Chuxing Technology Co. (stylized DiDi, Chinese: 滴滴出行; pinyin: Dīdī Chūxíng, pronounced [tɨ́tɨ́ ʈʂʰúɕɪ̌ŋ]), formerly named Didi Dache (嘀嘀打车) and Didi Kuaidi (Chinese: 滴滴快的), is a Chinese vehicle for hire company headquartered in Beijing with over 550 million users and tens of millions of drivers. In its IPO prospectus, DiDi rightly called itself 'the world's largest depository of data' - to which CAC responded with a rare, public statement that gave DiDi just one-hour notice to seize signing up new users, [37] followed by a multi-agency investigation, involving law enforcement agencies, industry regulators, tax, cyber and . these securities or passed upon the accuracy or adequacy of this prospectus. A user opens the Didi Chuxing ride-hailing smartphone app in Shanghai, China, on Sept. 18, 2020. . DiDi Global is an app-based ride-hailing services company. For financial reporting, their fiscal year ends on December 31st. On Thursday, Chinese ride-hailing giant Didi Chuxing filed a prospectus for its upcoming blockbuster U.S. IPO, which revealed a company that has weathered . The probe, reported here for the first time, is the latest in a sweeping crackdown on China's so-called "platform . . There are plenty of risks for existing and future investors in Didi, however. It reached its dominant position in China after years-long subsidy wars with Alibaba-backed Kuaidi and Silicon Valley-based Uber's China unit, both of which were merged into . Didi, the world's largest mobility-technology platform, operates in 15 countries and counts over 493 million annual active users globally, according to its prospectus. SoftBank, which has a 21.5% stake in Didi Chuxing, is another potential winner from the coming IPO, as is Tencent, with a holding of almost 7%. The new document shows that the ride-hailing firm expects to issue 288 million American depository shares, and plans to raise a total of about 4 billion US dollars, with a maximum of about 4.6 billion . Founded in . On June 30, the company officially went public selling 316.8 million American Depositary Shares (ADS), almost 28 million more than originally planned, at a price of US$14 per share. Shares of Didi Chuxing closed up a modest 1% Wednesday afternoon after spiking as much as 28.6% in the Chinese ride-hailing giant's market debut.. Alibaba became an investor in the combined company, Didi Chuxing, but its stake is much smaller than Tencent's and wasn't listed in Didi's listing prospectus. Didi, the world's largest mobility-technology platform, operates in 15 countries and counts over 493 million annual active users globally, according to its prospectus. Editor: Kim Taylor This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by DiDi Global Inc.. Industry: China's IPO-bound Didi probed for antitrust violations: Sources. Didi in Deep Doo-Doo. The Beijing company filed under its formal name, Xiaoju Kuaizhi . On the evening of October 8th, Dida Chuxing formally submitted a prospectus to the Hong Kong Stock Exchange, intending to be listed on the Hong Kong Stock Exchange. The company has not revealed any other details concerning the IPO. DiDi is the world's leading mobility technology platform. DIDI GLOBAL INC. INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Table of Contents Filed Pursuant to Rule 424(b)(4) Registration No. Didi IPO prospectus sets stage for $65bn-plus listing. Didi IPO prospectus sets stage for $65bn-plus listing. Company overview. For . Chinese ride-hailing giant Didi Chuxing on . Note: For the full year ended Dec.31, 2020, DiDi reported a net loss of US$1.63 billion on revenues of US$21.63 billion. It . according to the prospectus. Shares cratered more than 19% during the July 6 trading session, falling to as low as $11.58. Rival Didi Chuxing secretly filed for an initial public offering in the US on April 9, Tencent News reported. SenseTime, the Hong Kong-headquartered artificial intelligence giant, has postponed a $767 million initial share sale on the Hong Kong Stock Exchange that had been expected for later this week, the Wall Street Journal reports.. . That said, its financial performance over the past three years from its prospectus seems to tell but a different story. The sale could value the entire firm at US$67 billion, compared with US$95 billion for Uber Technologies. Didi, the world's largest mobility-technology platform, operates in 15 countries and counts over 493 million annual active users globally, according to its prospectus. Eric Mer, a professor of political science with the Peking University, said rumors about Didi transferring its sensitive data to the US as a quid pro quo to allow its IPO "stretched credulity" as China's cybersecurity review ordinance was promulgated in June 2020 by ministries responsible for . It took only a week for Didi to see its shares tank after joining the tidal wave of IPOs on June 30. The prospectus shows that before the IPO, Didi founder and CEO Cheng The offerings point to a valuation of more than $60 billion. Didi Chuxing, in its IPO prospectus made public last week, said that it and more than 30 other Chinese internet companies had met with regulators, including the SAMR, in April. Didi Chuxing, the Chinese ride-hailing company, made its initial public offering filing public on Thursday, as ride-hailing services begin reviving with the receding of the pandemic. 333-256977 . Didi Chuxing, China's largest ride-hailing platform, announced on Thursday that it filed listing documents with the US Securities and Exchange Commission (SEC), seeking to list on the Nasdaq or New York Stock Exchange under the ticker symbol DIDI.. DiDi Chuxing shared the prospectus of the upcoming IPO F-1 form, setting the stage for one of the most expected IPOs of the year. They are the go-to brand in China for shared mobility, providing consumers with a comprehensive range of safe, affordable and convenient mobility services, including ride hailing, taxi hailing, chauffeur, hitch and other forms of shared mobility. 2 min read. The parade of listings from platform companies continues, as Didi Chuxing filed its F-1 with the SEC to go public in the U.S., with American depositary shares. The company provides app-based transportation services . Beijing-based ride-hailing platform Dida has filed for an initial public offering to raise new funds from the capital market, ahead of its major rival Didi Chuxing, according to its prospectus . Earlier on Sunday, China's cyberspace regulator ordered app stores to stop offering Didi's app after finding that the company had illegally collected users' personal data. June 11, 2021. in China. Didi Chuxing, the Chinese ride-hailing company, unveiled filings for a public share offering in the US, setting out the financial damage the pandemic did to its business last year and the strength of the rebound so far this year — and setting the stage . Didi was founded in 2012 as the "Uber of . +86 10-8304-3181. - Didi Chuxing prospectus . Symbol: DIDI (NYSE) Description: They are the world's largest mobility technology platform. Chinese ride-hailing giant Didi Global is being sued by US shareholders after a crackdown by Beijing triggered a slump in its share price. . China's online car-hailing giant Didi Chuxing has filed for a public listing in the New York Stock Exchange (NYSE), which is expected to be the largest IPO by a Chinese firm in the US stock market . The precise name of the company on the SEC prospectus is Xiaoju Kuaizhi Inc. Daily News The global mobility market is expected to grow from $6.7trn in 2020 to $16.4trn by 2040. A driver uses the Didi Chuxing app on his phone while driving in Beijing. In its filing with the SEC, DiDi details its ambition to expand globally and its plans to invest in technologies . EXCLUSIVE-China's IPO-bound Didi probed for antitrust violations - sources. The Chinese ride-sharing giant, Didi Chuxing, has reportedly filed for an initial public offering (IPO) in the United States seems set to become one of the biggest listings of the year. The Uber Technologies Inc. prospectus shed some light on Didi's current . China's biggest ride-hailing firm Didi Global Inc said on Sunday that the removal of its "DiDi Chuxing" app from smartphone app stores in China is expected to have an adverse impact on its revenue. Didi Chuxing's main app ranked 13th while its budget ride-hailing unit Huaxiaozhu was the worst among the 17 in terms of taking compliant orders, according to the ministry. It has gained investment from SoftBank and Tencent Holdings. China News Service, Beijing, June 11 (Reporter Zhou Rui) Didi Chuxing disclosed on the 11th that the company has formally submitted an IPO prospectus to the US Securities and Exchange Commission under the ticker symbol "DIDI", Goldman Sachs, Morgan Stanley, JPMorgan Chase and China Renaissance Capital acted as underwriters. While Didi's initial public offering (IPO) prospectus did mention some of the regulatory risks to its operations, there was no indication that the Cyberspace . Didi Chuxing plans to sell 288 million shares at US$13 to US$14 each in its US IPO. In the prospectus, which was filed with the U.S. Securities and Exchange Commission (SEC), Didi revealed that it lost $1.6 billion in 2020, but also struggled to turn a profit in the years before . HONG KONG - China's market regulator . Didi Chuxing, the Chinese ride-hailing behemoth, has made public the prospectus for its much anticipated initial public offering. Two weeks ago, MBN published the details of the IPO F-1 prospectus of the upcoming DiDi Chuxing IPO. The IPO is intended to raise capital for its market expansion, conduct technology development for shared mobility, electric vehicles and autonomous . The new document shows that the ride-hailing firm expects to issue 288 million shares, and plans to raise a total of about $4 billion, with a maximum of about $4.6 billion. Didi Chuxing, the Chinese ride-sharing giant, has filed for an initial public offering in the U.S. that looks set to be one of the largest listings of the year.

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