RIDEGURU
This is gonna be a big one.
https://www.cnbc.com/2018/04/24/chinese-uber-rival-didi-chuxing-in-talks-to-launch-ipo-wsj.html
Didi IPO is coming
Posted 6 years ago
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Derrick Pierce (cheesehead)
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Comments
Is this an IPO in the US market? I doubt it, but some people are talking like it is.
Not clear at this point, but it's a big move either way.
Didi is becoming a huge player. they are expanding too. Mexico, Australia. Uber must be sweating...
Australia? I thought that was Ola.
Good, I'm tired of Lyft being Uber's only challenger. Lyft is a sheep. Didi is gonna really mix things up if they make a play on the US.
Also rememer Didi owns a significant part of Lyft. and 99. and Uber... and Grab..
and they all have a daddy (or maybe an uncle?) in SoftBank.
Should we in the US be worried about this? We all sh*t on Uber but it'd be sad to see Didi come in and destroy Uber on our own turf. I mean, the "anything but Uber" movements are still very strong. I can see people switching fast.
...and Didi has craploads of money to advertise and subsidize the initial rider pays and rider's fares.
Who cares about Uber? Seriously. Who cares? They can go eat a bag of ducks as far as I'm concerned. The drivers will still be US drivers even if they're working for Didi. Maybe they'll pay better.
Let's see how well Didi pays out in the US market. Am I crazy or it'l be one penny higher than Uber's. LOL.
Right that is the thing, they may be able to get riders with cheap fares but they need drivers too. It is a fine line between cheap fares and high driver pay...
Who's this new player that is apparently threatening Didi? How is it possible that a small challenger can be valuated at $60B and force Didi to make such a strategic move (to raise more money)?
"Meituan-Dianping, an online services platform that counts Tencent Holdings Ltd. as a backer, rolled out ride-sharing services in Shanghai in March in a direct challenge to Didi. Meituan-Dianping’s IPO could value the company at around $60 billion, according to a person familiar with the matter, and is expected to list on exchanges in Hong Kong and mainland China."
Yeah what the heck is that about.
Damn, worth $50B. And private.
Did everyone see the bit on how Didi's stance on Autonomous Vehicles is to partner with a car manufacturer? I agree with that approach over Uber's where they are trying to do that themselves. (I guess Uber had to do something with that money.)
"Didi executives said they were considering developing a smartcar customized for ride-sharing and is seeking auto makers that could manufacture the vehicle. The car is anticipated to be an electric vehicle and would be connected to the internet, allowing Didi to monitor data from the car for safety by applying artificial intelligence technology."
My money is on Didi taking over Uber. I would just love to watch Uber get destroyed!
This is a better article than the one from CNBC.
https://www.wsj.com/articles/chinese-ride-hailing-giant-hits-accelerator-on-talks-for-potential-ipo-1524553831