DIDI LIKELY TO LEAD IPO THROUGH GOLDMAN, MORGAN STANLEY

Highlights –

• Didi likely to lead IPO through Goldman, Morgan Stanley.
• China’s top ride-hailing firm is backed by SoftBank, Alibaba and Tencent.
• If Didi decides to sell 10% of its shares, itcould raise about $10 billion.
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CHINA’S RIDE APP DIDI LIKELY TO PICK NEW YORK FOR ITS UPCOMING IPO

Highlights –

• China’s ride app Didi likely to pick New York for its upcoming IPO.
• The company is hoping for a valuation of at least $100 billion.
• Didi is said to have discussed the option of listing via a SPAC.
• In 2019...

CHINA’S BAIDU AND GEELY’S MERGER TO ROLLOUT WITH SMART CARS

• Baidu will hone in with smart driving dynamics while Geely will offer design and manufacturing saliency.
• Geely is a pioneer in china’s automobile industry, and also is proprietor of Volvo and owns a stake in Mercedes-Benz owner Daimler.

The two companies...

UBER EATS’ NEW RIVAL IN JAPAN: DIDI CHUXING

Highlights:

• Uber launched Uber Eats, a food delivery service in 2014 & China’s cab service Didi Chuxing launched its food delivery network in 2018
• The Chinese brand now seeks to enter the Japanese market as a competitor to Uber Eats