China's Didi worth $68 billion after U.S. debut_老虎社区_美港股上老虎

China's Didi worth $68 billion after U.S. debut

Reuters2021-07-01

June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...

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173

WinWinWinner
·2021-07-01
Didi.. Oh Didi.. Petrol leaking..
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2
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Jacktham91
·2021-07-01
Go didi
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2
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RXX
·2021-07-01
Lousy
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2
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EHG
·2021-07-01
Like
回复
1
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3ox
·2021-07-01
Nice
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1
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chongcs
·2021-07-01
Wow!
回复
1
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WhenLambo69
·2021-07-01
Hope can 30 by end of yr
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1
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boonk
·2021-07-01
Didi to 30 by year end. Can it?
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2
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收起
- AnaiAnai:
  disappointed 1st day trading.
  2021-07-01
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- WhenLambo69:
  hope so
  2021-07-01
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AnaiAnai
·2021-07-01
lousy IPO 1st day trading on profit taking.👎
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2
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Senasim11
·2021-07-01
Like it pls
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6
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收起
- koolgal:
  Ok
  2021-07-02
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Waqwaq
·2021-07-01
Buying because I’m reminiscing those days in China. Wherever I go I see a DIDI business.It started out super bullish but closed at 14.14 but I think it’s still worth a shot. The company is always looking at innovative ways for business, something you can defo buy and hold for abit.
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2
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BabySim
·2021-07-01
Comment
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3
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- theresaneo:
  done
  2021-07-01
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BabySim
·2021-07-01
Comment
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1
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HH浩
·2021-07-01
Comparable to Grab?
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3
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收起
- BabySim:
  Ok
  2021-07-01
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yaozong7
·2021-07-01
Wondering if it's worth a shot. Humm...
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4
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Jacqueslim
·2021-07-01
Wow
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1
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1Man2Stonks
·2021-07-01
Up you go
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6
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Alex_2019
·2021-07-01
🤩
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5
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KCtan1688
·2021-07-01
No up??
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4
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ArkInvest
·2021-07-01
entered at 14.5 and 15. no regrets.Next year will go 20 and beyond!
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8
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- Jellibean:
  Sooo I assume its a good buy?
  2021-07-01
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- boonk:
  I think 30 by year end
  2021-07-01
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- tanpp2307:
  Things will be better when pandemic is over!
  2021-07-01
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Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":151721221,"gmtCreate":1625108149063,"gmtModify":1633944696003,"author":{"id":"4087135069921330","authorId":"4087135069921330","name":"WinWinWinner","avatar":"https://static.tigerbbs.com/f5a6398d7deab122ba51b03c6952afeb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087135069921330","idStr":"4087135069921330"},"htmlText":"Didi.. Oh Didi.. Petrol leaking..","listText":"Didi.. Oh Didi.. Petrol leaking..","text":"Didi.. Oh Didi.. Petrol leaking..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151721221","repostId":1176306210,"repostType":2,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151400741,"gmtCreate":1625100647883,"gmtModify":1631890357462,"author":{"id":"3581480398206472","authorId":"3581480398206472","name":"Jacktham91","avatar":"https://static.tigerbbs.com/b4da9089c52f1e87f39283496b74ab9c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3581480398206472","idStr":"3581480398206472"},"htmlText":"Go didi","listText":"Go didi","text":"Go didi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151400741","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151574606,"gmtCreate":1625100568805,"gmtModify":1633944831536,"author":{"id":"3581914245836452","authorId":"3581914245836452","name":"RXX","avatar":"https://static.tigerbbs.com/f4b5a03d25bea5fa50ec0dd0a11e9e39","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581914245836452","idStr":"3581914245836452"},"htmlText":"Lousy","listText":"Lousy","text":"Lousy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151574606","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151571525,"gmtCreate":1625100423767,"gmtModify":1633944835355,"author":{"id":"3586941861951066","authorId":"3586941861951066","name":"EHG","avatar":"https://static.tigerbbs.com/28e4734e50f795c3218330cbb6c3e9a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586941861951066","idStr":"3586941861951066"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151571525","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151542485,"gmtCreate":1625100208647,"gmtModify":1631890308292,"author":{"id":"3577531997673531","authorId":"3577531997673531","name":"3ox","avatar":"https://static.tigerbbs.com/f0340340cf207115c944bbe9fcb8e1f0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3577531997673531","idStr":"3577531997673531"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151542485","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151556713,"gmtCreate":1625099732832,"gmtModify":1633944852221,"author":{"id":"3556013255401124","authorId":"3556013255401124","name":"chongcs","avatar":"https://static.tigerbbs.com/d69df85e9ad5160441110d5c4ad85df8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3556013255401124","idStr":"3556013255401124"},"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151556713","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151556453,"gmtCreate":1625099716872,"gmtModify":1631884322803,"author":{"id":"3581496657430027","authorId":"3581496657430027","name":"WhenLambo69","avatar":"https://static.tigerbbs.com/b7eb252b1bc52ab7567a6f6dbc62f92e","vip":1,"crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3581496657430027","idStr":"3581496657430027"},"htmlText":"Hope can 30 by end of yr","listText":"Hope can 30 by end of yr","text":"Hope can 30 by end of yr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151556453","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151527675,"gmtCreate":1625099509597,"gmtModify":1633944857553,"author":{"id":"3580955744929134","authorId":"3580955744929134","name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3580955744929134","idStr":"3580955744929134"},"htmlText":"Didi to 30 by year end. Can it?&nbsp;","listText":"Didi to 30 by year end. Can it?&nbsp;","text":"Didi to 30 by year end. Can it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/151527675","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086388,"gmtCreate":1625099586032,"gmtModify":1635240179428,"authorId":3583884958321017,"author":{"id":3583884958321017,"idStr":"3583884958321017","authorId":3583884958321017,"name":"AnaiAnai","avatar":"https://static.tigerbbs.com/8b0d0d8e20a4082ac0bc6a98756546ec","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151527675,"type":1,"supId":0,"prevId":0,"content":"disappointed 1st day trading.","text":"disappointed 1st day trading.","html":"disappointed 1st day trading."},{"id":5086416,"gmtCreate":1625099731774,"gmtModify":1635240176539,"authorId":3581496657430027,"author":{"id":3581496657430027,"idStr":"3581496657430027","authorId":3581496657430027,"name":"WhenLambo69","avatar":"https://static.tigerbbs.com/b7eb252b1bc52ab7567a6f6dbc62f92e","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151527675,"type":1,"supId":0,"prevId":0,"content":"hope so","text":"hope so","html":"hope so"}],"langContent":"EN"},{"id":151527164,"gmtCreate":1625099503258,"gmtModify":1633944857676,"author":{"id":"3583884958321017","authorId":"3583884958321017","name":"AnaiAnai","avatar":"https://static.tigerbbs.com/8b0d0d8e20a4082ac0bc6a98756546ec","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3583884958321017","idStr":"3583884958321017"},"htmlText":"lousy IPO 1st day trading on profit taking.👎","listText":"lousy IPO 1st day trading on profit taking.👎","text":"lousy IPO 1st day trading on profit taking.👎","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151527164","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151524591,"gmtCreate":1625099473213,"gmtModify":1633944858147,"author":{"id":"3581972561289020","authorId":"3581972561289020","name":"Senasim11","avatar":"https://static.tigerbbs.com/332d7d74927168702f2c7c17483c8a6a","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3581972561289020","idStr":"3581972561289020"},"htmlText":"Like it pls","listText":"Like it pls","text":"Like it pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/151524591","repostId":1176306210,"repostType":2,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5096517,"gmtCreate":1625183139848,"gmtModify":1635239380558,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151524591,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":151525896,"gmtCreate":1625099424815,"gmtModify":1631890654303,"author":{"id":"3582090760348992","authorId":"3582090760348992","name":"Waqwaq","avatar":"https://static.tigerbbs.com/26d60cb35d5f8de1725460e2291836fb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582090760348992","idStr":"3582090760348992"},"htmlText":"Buying because I’m reminiscing those days in China. Wherever I go I see a DIDI business.It started out super bullish but closed at 14.14 but I think it’s still worth a shot. The company is always looking at innovative ways for business, something you can defo buy and hold for abit.&nbsp;","listText":"Buying because I’m reminiscing those days in China. Wherever I go I see a DIDI business.It started out super bullish but closed at 14.14 but I think it’s still worth a shot. The company is always looking at innovative ways for business, something you can defo buy and hold for abit.&nbsp;","text":"Buying because I’m reminiscing those days in China. Wherever I go I see a DIDI business.It started out super bullish but closed at 14.14 but I think it’s still worth a shot. The company is always looking at innovative ways for business, something you can defo buy and hold for abit.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151525896","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151529661,"gmtCreate":1625099157953,"gmtModify":1633944864963,"author":{"id":"3579673211261157","authorId":"3579673211261157","name":"BabySim","avatar":"https://static.tigerbbs.com/5c6f0cd54fab9f24929e66e54e08e3aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579673211261157","idStr":"3579673211261157"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/151529661","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086770,"gmtCreate":1625101463633,"gmtModify":1635240141713,"authorId":3575449476526094,"author":{"id":3575449476526094,"idStr":"3575449476526094","authorId":3575449476526094,"name":"theresaneo","avatar":"https://static.tigerbbs.com/9383793d8b3b77c07bbf847f3b45734f","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151529661,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":151520489,"gmtCreate":1625099140441,"gmtModify":1633944865310,"author":{"id":"3579673211261157","authorId":"3579673211261157","name":"BabySim","avatar":"https://static.tigerbbs.com/5c6f0cd54fab9f24929e66e54e08e3aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579673211261157","idStr":"3579673211261157"},"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151520489","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151562777,"gmtCreate":1625098997599,"gmtModify":1633944868396,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3582015516749888","idStr":"3582015516749888"},"htmlText":"Comparable to Grab?&nbsp;","listText":"Comparable to Grab?&nbsp;","text":"Comparable to Grab?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/151562777","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086281,"gmtCreate":1625099093853,"gmtModify":1635240190691,"authorId":3579673211261157,"author":{"id":3579673211261157,"idStr":"3579673211261157","authorId":3579673211261157,"name":"BabySim","avatar":"https://static.tigerbbs.com/5c6f0cd54fab9f24929e66e54e08e3aa","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151562777,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":151562462,"gmtCreate":1625098986356,"gmtModify":1633944868520,"author":{"id":"3553658931361428","authorId":"3553658931361428","name":"yaozong7","avatar":"https://static.tigerbbs.com/88fc9c879e501ca8f075b6c216c38984","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3553658931361428","idStr":"3553658931361428"},"htmlText":"Wondering if it's worth a shot. Humm...&nbsp;","listText":"Wondering if it's worth a shot. Humm...&nbsp;","text":"Wondering if it's worth a shot. Humm...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151562462","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151561256,"gmtCreate":1625098812875,"gmtModify":1633944872203,"author":{"id":"3579819379691301","authorId":"3579819379691301","name":"Jacqueslim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579819379691301","idStr":"3579819379691301"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151561256","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151588268,"gmtCreate":1625098500554,"gmtModify":1633944880406,"author":{"id":"3576990637797737","authorId":"3576990637797737","name":"1Man2Stonks","avatar":"https://static.tigerbbs.com/2c93182b4ac6670e37860fa9cbdfd2d4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3576990637797737","idStr":"3576990637797737"},"htmlText":"Up you go","listText":"Up you go","text":"Up you go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151588268","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151588863,"gmtCreate":1625098497852,"gmtModify":1633944880630,"author":{"id":"3575450138907606","authorId":"3575450138907606","name":"Alex_2019","avatar":"https://static.tigerbbs.com/89289d0dcc5d3b51f3d74921b5fe4bd6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575450138907606","idStr":"3575450138907606"},"htmlText":"🤩&nbsp;","listText":"🤩&nbsp;","text":"🤩","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151588863","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151517211,"gmtCreate":1625098406933,"gmtModify":1633944884702,"author":{"id":"3572830110372716","authorId":"3572830110372716","name":"KCtan1688","avatar":"https://static.tigerbbs.com/eb264e77c49fffb1d26a89a47dbc0250","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572830110372716","idStr":"3572830110372716"},"htmlText":"No up??","listText":"No up??","text":"No up??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151517211","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":151514714,"gmtCreate":1625098390038,"gmtModify":1633944885375,"author":{"id":"3559463359065359","authorId":"3559463359065359","name":"ArkInvest","avatar":"https://static.tigerbbs.com/6dfcf7df27430673110d69ba1374e540","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3559463359065359","idStr":"3559463359065359"},"htmlText":"entered at 14.5 and 15. no regrets.Next year will go 20 and beyond!","listText":"entered at 14.5 and 15. no regrets.Next year will go 20 and beyond!","text":"entered at 14.5 and 15. no regrets.Next year will go 20 and beyond!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/151514714","repostId":1176306210,"repostType":4,"repost":{"id":"1176306210","pubTimestamp":1625097156,"share":"https://www.laohu8.com/m/news/1176306210?lang=&edition=full","pubTime":"2021-07-01 07:52","market":"us","language":"en","title":"China's Didi worth $68 billion after U.S. debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1176306210","media":"Reuters","summary":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly ove","content":"<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.</p>\n<p>The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.</p>\n<p>SoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.</p>\n<p>Didi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more</p>\n<p>Didi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.</p>\n<p>Didi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.</p>\n<p>\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.</p>\n<p>Didi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.</p>\n<p>Chief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.</p>\n<p>Cheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more</p>\n<p>SoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.</p>\n<p>Based on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.</p>\n<p>Like most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.</p>\n<p>The company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.</p>\n<p>Didi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.</p>\n<p>Didi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.</p>\n<p>Its offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.</p>\n<p>Goldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.</p>\n<p>Reporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Didi worth $68 billion after U.S. debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Didi worth $68 billion after U.S. debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the...</p>\n\n<a href=\"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBER":"优步","DIDI":"滴滴(已退市)","00700":"腾讯控股","BABA":"阿里巴巴"},"source_url":"https://www.reuters.com/technology/didi-shares-set-open-over-14-higher-mega-us-ipo-2021-06-30/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176306210","content_text":"June 30 (Reuters) - Didi Global Inc(DIDI.N)shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.\nThe stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.\nSoftBank-backed(9984.T)Didi's stock opened at $16.65, significantly higher than its $14 IPO price. The shares slid in the early afternoon after reaching an $18 high.\nDidi had priced an upsized offering of 316.8 million American depositary shares at the upper end of its $13 to $14 range, raising $4.4 billion.read more\nDidi is the latest in a string of Chinese companies seeking to capitalize on the frothy valuations of the U.S. stock market. About 29 Chinese firms raised $7.6 billion in U.S. IPOs in the first six months of the year, according to Refinitiv data. This is despite the ongoing economic tensions between the United States and China, as well as U.S. concerns over the quality of the auditing of Chinese companies' financial statements.\nDidi is also under investigation by Chinese authorities over potential antitrust violations, Reuters reported earlier this month.\n\"All of the major Chinese internet companies are under much more scrutiny now than they've been in the past. It's just a risk for the sector,\" said Kathleen Smith, a principal at Renaissance Capital in Greenwich, Connecticut.\nDidi, which is also backed by technology investment giants Alibaba(9988.HK), Tencent(0700.HK)and Uber(UBER.N), was founded in 2012 by Cheng Wei as Didi Dache, a taxi-hailing app. It merged with peer Kuaidi Dache to become Didi Kuaidi and was later renamed Didi Chuxing.\nChief Executive Cheng, who was born in 1983 in a small town in the southeastern province of Jiangxi and once worked as an assistant to the head of a foot massage firm, was worth $1.2 billion prior to Didi's market debut, according to Forbes.\nCheng got the idea for a ride-hailing platform on a freezing winter night in Beijing when he had trouble getting a taxi.read more\nSoftBank is Didi's largest investor with a 20.2% stake. Tencent holds 6.4%, while Uber retains 12% of Didi. Cheng will own a 6.5% stake in the company he built, while having a 35.5% voting power due to a dual-class share structure that's become increasingly popular among tech companies.\nBased on Wednesday's closing price, Cheng's stake in Didi is worth $4.45 billion. Uber's stake in Didi is valued at $8 billion, significantly more than the $6 billion valuation that Uber assigned to it in 2016, when it received the stake in exchange for selling its China food delivery business to Didi, according to a regulatory filing from Uber.\nLike most ride-hailing companies, Didi had historically been unprofitable, until it reported a profit of $30 million in the first quarter of this year.\nThe company reported a loss of $1.6 billion last year and an 8% drop in revenue to $21.63 billion, according to a regulatory filing, as business slid during the pandemic.\nDidi decided in 2018 to invest $1 billion in its auto services business, part of a larger unit rebranding. It has also invested heavily to expand its core business outside its home market by either pouring money in local partners or launching their services.\nDidi has a dominant position in the online ride-hailing business in China and operates in 4,000 locations across 16 countries. It has more than 490 million annual active users, according to a recent regulatory filing.\nIts offerings include private car-hailing, sharing bikes, delivery, freight and logistics, and financial services.\nGoldman Sachs (Asia) L.L.C., Morgan Stanley and J.P. Morgan were the lead underwriters.\nReporting by Noor Zainab Hussain in Bengaluru, Echo Wang in Asheville, N.C, Yilei Sun in Beijing; Additional reporting by Aleksandra Michalska; Editing by Arun Koyyur and Stephen Coates","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5086248,"gmtCreate":1625098915665,"gmtModify":1635240194212,"authorId":3583497216814073,"author":{"id":3583497216814073,"idStr":"3583497216814073","authorId":3583497216814073,"name":"Jellibean","avatar":"https://static.tigerbbs.com/0f26ac2cfca73b4b1f7095f962e61487","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151514714,"type":1,"supId":0,"prevId":0,"content":"Sooo I assume its a good buy?","text":"Sooo I assume its a good buy?","html":"Sooo I assume its a good buy?"},{"id":5086384,"gmtCreate":1625099577956,"gmtModify":1635240179792,"authorId":3580955744929134,"author":{"id":3580955744929134,"idStr":"3580955744929134","authorId":3580955744929134,"name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151514714,"type":1,"supId":0,"prevId":0,"content":"I think 30 by year end","text":"I think 30 by year end","html":"I think 30 by year end"},{"id":5086408,"gmtCreate":1625099688902,"gmtModify":1635240177397,"authorId":3585983433962847,"author":{"id":3585983433962847,"idStr":"3585983433962847","authorId":3585983433962847,"name":"tanpp2307","avatar":"https://static.tigerbbs.com/b4cb1adebe779f631f65a6b4332f7bc5","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":151514714,"type":1,"supId":0,"prevId":0,"content":"Things will be better when pandemic is over! ","text":"Things will be better when pandemic is over! ","html":"Things will be better when pandemic is over! 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