China’s biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its US initial public offering (IPO) worth up to $10 billion, sources with direct knowledge of the matter said. Didi, whose IPO could be the largest by a Chinese firm in the United States in seven years, has given… Continue reading China’s Didi ropes in five more banks to work on mega US IPO …
Tag: Didi
Chinese ride-hailing giant Didi files for US IPO
Chinese ride-hailing platform Didi filed for an initial public offering on Thursday. The company plans to trade on either the New York Stock Exchange or Nasdaq. Why it matters: Valued at $62 billion, Didi is among the world’s five highest-valued unicorns. The company’s listing could be one of the biggest IPO this year. The Beijing-based… Continue reading Chinese ride-hailing giant Didi files for US IPO
TikTok Phenomenon Khaby Lame makes first campaign in Brazil with 99
Khaby Lame, the most practical influencer in the world and with more than 68 million followers on TikTok, is 99’s newest partner. To celebrate the launch of the brand’s profile on the social network, the technology company linked to urban mobility joined the content producer in Lame’s first partnership with a Brazilian brand. The invitation… Continue reading TikTok Phenomenon Khaby Lame makes first campaign in Brazil with 99
Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company’s business. This morning, we’re extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation. Recall that Didi has raised tens of billions worth of private capital from venture capitalists,… Continue reading Despite flat growth, ride-hailing colossus Didi’s US IPO could reach $70B
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China’s ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn’t disclose the size of its raise. Reuters reported the company could raise around $10 billion at a valuation of close to $100 billion. Cheng Wei, Didi’s 38-year-old founder owns… Continue reading SoftBank, Uber, Tencent set to reap rewards from Didi IPO
Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO …
Hesai Technology, a Shanghai-based startup that develops lidar sensors for autonomous driving and other robotics applications, has raked in $300 million in a Series D round of financing jointly led by investors including Hillhouse Capital’s GL Ventures and smartphone maker Xiaomi Corp. Chinese food delivery giant Meituan and China’s CITIC Private Equity Funds Management (CPE)… Continue reading Chinese lidar developer Hesai rakes in $300m funding after halted STAR Market IPO …
China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …
Chinese investment firm Oceanpine Capital has closed a new RMB-denominated fund at 2 billion yuan ($313.4 million) as it seeks to up the ante on deep technology investments. The fund was closed within three months of its launch, Oceanpine said in a WeChat post on Wednesday. The new vehicle secured commitments from local government-guided funds,… Continue reading China’s Oceanpine Capital closes RMB fund at $313m for deep tech bets …
Beijing’s self-driving vehicle test mileage tops 3m km
A passenger gets ready to board an Apollo Go Robotaxi, operated by Baidu, in Beijing. [Photo/Xinhua] BEIJING – The safety test mileage of Beijing’s self-driving vehicles has exceeded 3 million km to date, equivalent to going about 75 times around the equator. Currently, the city has 226 routes for testing self-driving vehicles, totaling approximately 752.4… Continue reading Beijing’s self-driving vehicle test mileage tops 3m km
Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
DUBLIN, May 27, 2021 /PRNewswire/ — The “Online Taxi Services Global Market Report 2021: COVID-19 Growth and Change to 2030” report has been added to ResearchAndMarkets.com’s offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global online taxi services market. This report focuses on the online… Continue reading Worldwide Online Taxi Services Industry to 2030 – Major Players Include Lyft, Didi Chuxing and GrabTaxi Holdings Among Others
World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233
Chinese ride-hailing giant Didi Chuxing is making another push into the white-hot electric-car making business through a tie-up with Guangzhou Automobile Group’s electric vehicle unit GAC Aion. In November, Didi and BYD launched the D1 as the world’s first fully electric vehicle designed for ride-hailing produced at volume. A lengthy list of Chinese technology heavyweights… Continue reading World NM: Didi Partners With GAC Aion to Build Smart Electric Cars001233