The highlights of Chinese ride-hailing giant Didi’s IPO filing, in five numbers ...Middle East

Economy by : (Quartz) -
China’s largest ride-sharing company Didi Chuxing has filed for a highly anticipated listing in the US, offering the first comprehensive glimpse of the firm’s financial performance.Didi could aim to raise between 8% to 10% of an around $70 billion valuation, according to the Wall Street Journal. That could make Didi’s flotation one of the largest tech IPOs this year, which include a $5.4 billion debut in Hong Kong by Chinese short video app Kuaishou, a $2.2 billion US listing by dating app Bumble, and trading app Robinhood’s upcoming listing.Founded in 2012 by Chinese entrepreneur Cheng Wei, an Alibaba alumni, Didi has a similar business model to Uber and Lyft, allowing users to order ride-h

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