Didi Chuxing is already a rival with Meituan Dianping in China’s increasingly crowded car ride-sharing and bike-sharing markets. Now they appear to be in a race to see who can launch an initial public offering first. According to reports, ride-hailing leader Didi is talking with bankers about  an IPO in the second half of this year, at a valuation of US$70 billion to US$80 billion. News of Didi’s IPO interest come just weeks after rival Meituan Dianping, China’s Groupon equivalent, …

China’s Didi Chuxing Said Planning $80B IPO To Rival Meituan Dianping appeared first on China Money Network.


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