DiDi Chuxing (Didi), the world’s largest mobility technology platform, aims to raise around US$10bn in its US listing. It is backed by Softbank and Tencent, along with other investors.
It is present in over 4,000 cities, counties and towns across 15 countries. As of twelve months ending (LTM) 1Q21, it had 493m annual active users and 15m drivers, who participated in 41m average daily transactions. It generated a gross transaction value of RMB341bn over LTM1Q21.
In this note, we provide a brief background and financials overview.