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KEY STAT | Chinese ride-hailing giant Didi prepares 2021 Hong Kong IPO

Written by Julianna Wu, Wency Chen Published on 

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When asked by KrASIA, Didi said that it does not have a definitive IPO plan.

Didi Chuxing, the biggest ride-hailing platform in China with a total of 550 million users at the end of June, is reportedly in talks with investment banks to file for a multibillion-dollar IPO in Hong Kong in the first half of 2021, according to Reuters citing anonymous sources.

Backed by internet giants like Tencent (HKG: 0700), Alibaba (NYSE: BABAHKEX: 9988), and well-known venture capitals such as SoftBank and Sequoia, Didi is looking for a valuation of USD 60 billion when launching the IPO, the same report said.

Didi responded that it does not have a definitive IPO plan and that it won’t comment on market speculation when asked by KrASIA.

Earlier this month, Beijing-based carpooling and taxi-hailing service provider Dida filed for a public offering on the Hong Kong Stock Exchange.

Read this: BIZ IN GRAPHICS | Didi shows ambitions with 800 million monthly users target

This article is part of KrASIA’s “Key Stat” series, where KrASIA picks and presents the most significant figures of the day’s technology and business world.

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