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Didi IPO is coming

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cheesehead
524 Rider Driver
 Posted 4 years, 5 months ago

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

Comments

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    cContino77
    153
     4 years ago

    Is this an IPO in the US market?  I doubt it, but some people are talking like it is.

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      cheesehead
      OP 524 Rider Driver
       4 years ago

      Not clear at this point, but it's a big move either way. 

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    chicago49
    253 Driver
     4 years ago

    Didi is becoming a huge player. they are expanding too. Mexico, Australia. Uber must be sweating...

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      KamelKamelKamel
      79
       4 years ago

      Australia?  I thought that was Ola.

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      joeyj
      423 Rider Driver
       4 years ago

      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.

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        DFosterG11
        187
         4 years ago

        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.

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    TonyAlmeida
    1149 Rider
     4 years ago

    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.

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      cheesehead
      OP 524 Rider Driver
       4 years ago

      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. 

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        RPaulson
        559 Driver
         4 years ago

        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.

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          charleskeyv
          140 Rider
           4 years ago

          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...

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    CurbDigger
    168
     4 years ago

    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."

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      cheesehead
      OP 524 Rider Driver
       4 years ago

      Yeah what the heck is that about.

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    chewy
    82
     4 years ago

    Damn, worth $50B. And private.

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    SmittenKitten
    2096 Rider
     4 years ago

    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."

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    skynights
    20
     4 years ago

    My money is on Didi taking over Uber. I would just love to watch Uber get destroyed!

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    SamanthaC8
    113
     4 years ago