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China's DiDi considers 2021 Hong Kong IPO at $60 bn: Report
short by Hiral Goyal / on Tuesday, 20 October, 2020
Chinese ride-hailing platform Didi Chuxing is considering an initial public offering (IPO) in Hong Kong by early 2021 that could value the startup at $60 billion, sources told Reuters. It is also considering a new fundraising round ahead of the IPO to boost its valuation, the sources added. Founded in 2012, DiDi is backed by SoftBank, Tencent and Alibaba.
read more at Reuters