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...

CHINESE ENTRANTS WITH DRIVERLESS CAB AGGREGATOR MODEL FUELED BY TECH IN 2023

• China’s driverless car start-ups are looking forward to mass commercialization of self-driving taxis in 2023 as the country’s technology giants battle it out with one another to get a lead in the autonomous vehicle race.
• A number of plainly called “robotaxi&rd...

DIDI WILL USE AI TO DETECT VIRUS

Highlights:

• Didi Chuxing, China ride-hailing ride will be using Artificial Intelligence (AI) technologies.
• The AI technology will be used to detect whether the drivers are wearing masks and disinfect cars to keep the riders safe amid the coronavirus p...

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