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China's Didi Chuxing says it currently has no plans for IPO


A staff member disinfects a vehicle at a Didi service center, Beijing, China, February 27, 2020. /Reuters

China's dominant ride-hailing firm Didi Chuxing said on Wednesday that an initial public offering (IPO) was not its top priority, and the company did not have any related plan for the moment.

Chinese financial magazine Caixin reported on Tuesday that Didi was making preparations for an IPO in Hong Kong.

Last month, Didi Chuxing saw its ride sharing orders in China recovered to levels seen over the same period a year earlier, its founder and chief executive Cheng Wei said.

Didi's peak daily ride sharing orders surpassed 30 million, Cheng said in a statement in June, adding that the company's bike sharing business, Didi Bike, saw daily orders reaching 10 million.

Didi, which counts SoftBank as a backer and has operations in eight overseas countries – Japan, Australia and six Latin American countries, has over 10,000 employees, including 2,000 overseas, according to Cheng.


A staff member disinfects a vehicle at a Didi service center, Beijing, China, February 27, 2020. /Reuters

China's dominant ride-hailing firm Didi Chuxing said on Wednesday that an initial public offering (IPO) was not its top priority, and the company did not have any related plan for the moment.

Chinese financial magazine Caixin reported on Tuesday that Didi was making preparations for an IPO in Hong Kong.

Last month, Didi Chuxing saw its ride sharing orders in China recovered to levels seen over the same period a year earlier, its founder and chief executive Cheng Wei said.

Didi's peak daily ride sharing orders surpassed 30 million, Cheng said in a statement in June, adding that the company's bike sharing business, Didi Bike, saw daily orders reaching 10 million.

Didi, which counts SoftBank as a backer and has operations in eight overseas countries – Japan, Australia and six Latin American countries, has over 10,000 employees, including 2,000 overseas, according to Cheng.