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Ride-hailing giant Didi wants to be more than just the Uber of China

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A user opens the Didi Chuxing ride-hailing smartphone app in Shanghai, China, on Sept. 18, 2020.

Qilai Shen | Bloomberg | Getty Images

BEIJING — China’s version of Uber, Didi Chuxing, is trying to use car travel as a way into multiple aspects of daily life from grocery shopping to finance.

Didi filed Thursday to list in New York in what many expect could be the largest initial public offering in the world this year. Founded in 2012, the company ranks among the five largest privately held start-ups in the world and counts SoftBank, Uber and Tencent as major investors.

Smartphone-based ride hailing in China remains Didi’s primary business, generating $20.4 billion in revenue last year amid…



Source cnbc.com

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