On June 30th, Didi was listed on the New York Stock Exchange with a valuation of approximately $68 billion, making it the largest initial public offering by a Chinese company in the United States since Alibaba’s $25 billion IPO in 2014.
According to a Reuters report in March, Didi was seeking a valuation of $100 billion.
SoftBank, a Japanese conglomerate, is Didi’s largest investor, holding 20.2% of its shares. Tencent, a Chinese multinational conglomerate, holds 6.4%, and Uber holds 12% of Didi’s shares. Under the AB share system, Cheng Wei, Didi’s CEO, holds 6.5% of the shares but has 35.5% of the voting rights.
Didi is not limited to the Robtaxi field of autonomous driving. LatePost reported in April this year that Didi started a car-making project, led by Yang Jun, Didi’s Vice President and General Manager of Xiaoju Car Service. The market potential for customized cars for shared travel is huge and could become a new growth engine for Didi in the future.
🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.