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Chinese language ride-hailing agency Didi discloses U.S. IPO plans By Reuters 

© Reuters. FILE PHOTO: A Didi brand is seen on the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo

(Reuters) -Chinese language ride-hailing agency Didi Chuxing on Thursday made public its submitting for a U.S. inventory market itemizing, setting the stage for what is anticipated to be one of many world’s greatest preliminary public choices this yr.

Didi, which merged with then principal rival Kuaidi in 2015 to create a smartphone-based transport companies big, counts as its core enterprise a cellular app, the place customers can hail taxis, privately owned vehicles, car-pool choices and even buses in some cities.

Didi, backed by Asian know-how funding giants SoftBank Corp, Alibaba (NYSE:) Group Holding Ltd and Tencent Holdings (OTC:) Ltd, plans to record on both Nasdaq or the New York Inventory Change below the image “DIDI”, the corporate mentioned. (https://

Didi’s Chief Govt Officer Cheng Wei mentioned final yr the agency goals to have 800 million month-to-month lively customers globally and full 100 million orders a day by 2022, together with ride-sharing, bike and meals supply orders.

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