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21 June 2021
22:08 hour

IPO Report: Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profit

Market Watch

10/06/2021 - 22:33

China's largest ride-hailing service, Didi Chuxing, officially filed for a U.S. initial public offering Thursday with an odd inclusion for its sector: actual profit.


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  1. Didi Chuxing, China’s Ride-Hailing Giant, Unveils U.S. IPO Filing (14/06/2021 - Reddit Stock Market)
    https://www.wsj.com/articles/didi-chuxing-chinas-ride-hailing-giant-unveils-u-s-ipo-filing-11623355962?mod=markets_minor_pos7 Didi, which filed under its formal name of Xiaoju Kuaizhi Inc., could fetch a valuation upward of $70 billion, people familiar with the matter said, a number that could stretch even higher amid investors’ ravenous appetite for newly public, high-growth companies. The company is expected to raise roughly 8% to 10% of the valuation amount in the offering, people familiar with the matter said, money the company says it will use to invest in technology, grow its business outside of China and introduce new products.   submitted by   /u/alphab5429 [link]   [comments]
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  2. Didi Open Platforms to serve as a ride-hailing order aggregator for Senmiao Technology (10/06/2021 - Seeking Alpha)

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  3. China's ride-hailing giant Didi sets stage for mega New York float (11/06/2021 - Investing.com)

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  4. Earnings Results: Lyft shares rise as ride-hailing rebound continues (04/05/2021 - Market Watch)
    Ride-hailing company's first-quarter revenue and number of active riders beat analyst expectations.
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  5. : Asia’s largest ride-hailing companies appear headed for U.S. markets (10/04/2021 - Market Watch)
    Two of Asia's largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S.
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  6. : Asia’s largest ride-hailing companies appear headed for U.S. markets (10/04/2021 - Market Watch)
    Two of Asia's largest and most prominent ride-hailing services are reportedly making moves to go public in the U.S.
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  7. Business in the Age of COVID-19: Uber and Lyft expect ride-hailing to make a sharp recovery, but there are some potential roadblocks (28/04/2021 - Market Watch)
    As more people get vaccinated and pandemic restrictions ease, the ride-hailing industry is gearing up for a comeback, but is facing potential roadblocks.
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  8. : Aurora, Toyota team up to bring self-driving cars to ride-hailing and the masses (09/02/2021 - Market Watch)
    Alliance with Toyota Motor North America and auto supplier Denso will test Toyota Siennas equipped with Aurora Driver for deployment on ride-hailing networks like Uber.
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  9. Ride-hailing company Grab is said to consider secondary listing in Singapore (16/04/2021 - Seeking Alpha)

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  10. The Wall Street Journal: Ride-hailing startup Grab is in talks to go public through SPAC merger (11/03/2021 - Market Watch)
    Grab Holdings Inc. is in talks to go public through a merger with a SPAC that could value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record.
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  11. : Lyft shares to ‘move much higher’ in 2021, says Wedbush Securities as it raises price target (17/03/2021 - Market Watch)
    The deployment of COVID-19 vaccines could boost ride-hailing company Lyft, says analyst Dan Ives.
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  12. Ehang and Chinese companies (16/02/2021 - Reddit Stocks)
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  13. Baidu names ride-hailing veteran to commercialize Apollo software (10/05/2021 - Seeking Alpha)

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  14. : Is Uber disclosing enough information about its lobbying? 30% of shareholders want more (12/05/2021 - Market Watch)
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  15. Chinese online education company Spark Education files for Nasdaq IPO (21/06/2021 - Seeking Alpha)

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  16. Didi Chuxing is said to file confidentially for U.S. IPO - report (09/04/2021 - Seeking Alpha)

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  17. My take on 5N Plus VNP.TO Earnings Report for Q12021 (12/05/2021 - Reddit Stocks)
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  18. Build Your Dreams - Chinese electric bus and electric commercial vehicle company. (07/04/2021 - Reddit Stock Market)
    Have you guys seen what they’ve done in Shenzhen? It’s very advanced. Build Your Dreams also supplies electric bus materials which are then constructed in California. They can also build electric Sky Rails running in the middle of existing highways. They’ve also partnered up with NFI Group a global bus company. Here in the U.K. NFI Group are represented by Alexander Dennis buses, who finish building the Build Your Dream electric buses in the U.K. I feel there will be multi layers to the EV adoption. Mass transport - buses & sky rails. Autonomous taxis (they have an order for 1 million taxis for DiDi the Chinese Uber) Micro city cars Micro mobility - electric mopeds, upright scooters & ebikes. Niu are producing large amounts of electric mopeds. Check out this YouTube of Shenzhen https://youtu.be/0P7fTPLSMeI   submitted by   /u/MurkyGrape5901 [link]   [comments]
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  19. Senmiao Technology announces agreement with Hefei Cheyun to launch ride-hailing business in Hefei, China (15/04/2021 - Seeking Alpha)

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  20. Uber-like Chinese trucking start-up files confidentially for $1B IPO (26/02/2021 - Seeking Alpha)

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  21. Chinese grocery app Dingdong Maicai files for U.S. IPO potentially valuing firm at $5B+ (09/06/2021 - Seeking Alpha)

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  22. Chinese New Year and affect on the market (26/02/2021 - Reddit Stock Market)
    Billions of various currencies are withdrawn by the Chinese to gift and spend during the Chinese New Year. When you see your holdings drop in value keep in mind many of stocks you own are heavily invested in by the Chinese citizen. To get money for the Chinese New Year, which ends today. they sell a large percentage of their portfolio for taking trips, gifts, and if they own a company to pay a standard one month bonus to their employees. The Chinese New Year shuts down factories, causes market changes, impacts the price of Cryptocurrency, delays the ability for companies throughout the world to deliver product due to needed Chinese made components to finish products made everywhere else in the world. My old company used a Chinese company, FOXCON, to manufacture computer related products. Even though we tried to order additional product to prepare for the Chinese New Year shutdown not once were we able to compensate for that shutdown. We were told flat out "Don't even call to ask for additional product" and I am pretty sure if you have a printer it was sold by my old company. My point is if you have cash consider buying stock or Crypto today because I am pretty sure next week we will see a nice bounce back especially on Monday morning.   submitted by   /u/Sea-de-Bleu [link]   [comments]
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  23. IPO Report: Krispy Kreme files for confidential IPO (05/05/2021 - Market Watch)
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  24. Tencent-backed Chinese social-media firm Soulgate files for U.S. IPO at ~$1.4B valuation (18/06/2021 - Seeking Alpha)

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  25. Saudi Aramco Follows Big Oil Rivals With Bumper Earnings (04/05/2021 - Reddit Stocks)
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  26. Should we use Webull (11/04/2021 - Reddit Stocks)
    Anyone think the we shouldn’t use Webull because it is a Chinese company that adheres to the CCP demands at any time. I am still not using Robinhood but Webull seems even worse. They most likely are giving the same information to the Chinese government and market makers. Is there an American company or non CCP controlled company at least that you guys recommend. Honestly I don’t even like to mess with Chinese company stocks because the CCP gets their hands on things and ruins everything. They just decided to fine Ali baba a couple billion. They cooked the books for another company because they funnel money into them for government interest and eventually get caught dropping the price. Any takes on this. I just put a little in NIO but will never put Tesla money into it. Even from a humanitarian point of view I don’t want to invest in countries like China South Africa or Israel for reasons. Thanks   submitted by   /u/naymit650 [link]   [comments]
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  27. Uber India’s mobility biz showing recovery led by demand for low-cost products (02/03/2021 - Financial Express)
    With the onset of the pandemic last year, ride-hailing firms like Uber and Ola saw a sharp decline in bookings as corporates moved to working from home and people restricted non-essential movements.
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  28. MarketWatch First Take: With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws? (11/02/2021 - Market Watch)
    As Uber Technologies Inc.'s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals.
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  29. MarketWatch First Take: With plan to license its tech, is Uber extending an olive branch to rivals, or grasping at straws? (11/02/2021 - Market Watch)
    As Uber Technologies Inc.'s core rides business suffered again during the pandemic, company executives made some intriguing statements on Wednesday, including the possibility of licensing its technology to its taxi and transit rivals.
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  30. : Frontier Airlines files for IPO, betting on a travel rebound (09/03/2021 - Market Watch)
    Frontier Airlines files to become public, counting on a post-vaccine travel rebound to return to profit.
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  31. It's getting a lot harder for global brands to win in China (08/02/2021 - CNN Money Top Stories)
    Changing tastes and the challenge from new Chinese rivals are forcing US and European companies including Apple and Starbucks to adopt new strategies to succeed in the world's second biggest economy.
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  32. Ark Invest Price Target - Wtf (21/03/2021 - Reddit Stocks)
    These “projections” are wildly unrealistic. Honestly, a freshman is college should be able to tear this “model” to shreds. 42B for a human ride hailing network: Double Uber/Lyft combined on a service that they don’t even have a business model for? Using on Tesla’s vs all cars on the road in the case of Uber and Lyft? Doubling the size of the ride sharing network while driving Uber and Lyft to 0 in 4 years? Insurance: 300% more profitable than Progressive, State Farm, etc? 24B from essentially nothing in 4 years? Nobody in insurance has 40% margins for a reason. It’s not because they don’t know what they are doing like the Tesla fans would like you to believe. Growth: 80% revenue growth compounding. On a company that grew 14% in 2019 and 28% in 2020 despite still being a small company where larger growth rates are possible? Elon himself hopes for 50% growth, which in itself is pretty unrealistic as the company scales. Autonomy: Did anyone watch that Oakland video? This software is years out. Assuming by some miracle it was achieved by the end of 2022 (unlikely at best), that would give them roughly 2-3 years to scale from nothing to over 300 BILLION in revenue. You know, bigger than Apple and around Amazons size. I could go on for days. It’s insanity. Please, for the love of god, if you’re new to investing, don’t listen to what Ark projects. Or what any of these YouTube Tesla gurus tell you. These projections are laughable and you should be very, very skeptical of these numbers.   submitted by   /u/dc_chilling17 [link]   [comments]
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  33. : Lyft sees best week for rides since pandemic began, stock rises sharply (02/03/2021 - Market Watch)
    In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its best rides volume last week since March 2020, sending its shares higher in after-hours trading.
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  34. : Lyft sees best week for rides since pandemic began, stock rises sharply (02/03/2021 - Market Watch)
    In the best sign yet of a recovery in ride hailing, Lyft Inc. said Tuesday that it saw its best rides volume last week since March 2020, sending its shares higher in after-hours trading.
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  35. Thoughts on $MOMO and dealing with Chinese companies in the market (22/03/2021 - Reddit Stock Market)
    I have never bought into $BABA or any other Chinese company before. I've done some research, but are there any legitimate factors that limit Chinese stocks (like government regulation)? I have come across $MOMO and it seems to be very undervalued. This company has 100s of millions of daily users on dating and chatting apps. The company grew over 200% the past 4 years, but this past year it's revenue fell 7% year-over-year to 3.87 billion yuan ($547.5 million), missing estimates by $1.3 million and marking its second straight quarter of declining revenue. They are still highly profitable and have a new dividend coming this quarter. Some call it the "Tinder of China"... Eager to hear others' thoughts on $MOMO and Chinese stocks in general !   submitted by   /u/-bryson [link]   [comments]
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  36. : Most Uber and Lyft drivers will have to transition to electric vehicles in this decade, California declares (20/05/2021 - Market Watch)
    California is the first state in the nation to require that nearly all the miles traveled by ride-hailing drivers take place in electric vehicles by 2030.
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  37. : Most Uber and Lyft drivers will have to transition to electric vehicles in this decade, California declares (20/05/2021 - Market Watch)
    California is the first state in the nation to require that nearly all the miles traveled by ride-hailing drivers take place in electric vehicles by 2030.
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  38. RIDE stock - what would you buy at? (18/05/2021 - Reddit Stocks)
    The best time to buy Lordstown Motors was May 7-14. Too late. Like other stocks that bottom out, it can often rebound at a ridiculous ROI. Is there a price you think you would make it worth it? Would you buy even if you didn't believe in the company? I'm thinking $9 and if it goes anywhere near as high as it used to be, massive profit. As has been stated in other threads, concentrating a bigger % of your portfolio can be very rewarding. So, buy? Or no, because you think the company will go broke/become worthless?   submitted by   /u/bosox1275 [link]   [comments]
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  39. Would Chinese VIE companies ever pay out dividends? (19/06/2021 - Reddit Stocks)
    I was looking for Chinese stocks that would pay decent dividends (at least 2-3%), however, I cannot find any? I am wondering if the VIE structure has anything to do with that. If we buy BABA, NIO, TCEHY or whatever else, we don’t get any actual ownership. AFAIK VIE works like the following. Chinese laws forbid foreigners from owning Chinese stocks. So the Chinese stock you buy actually only grants you a stake in some Cayman Islands-registered entity. These entities are under contracts to receive some profits from the Chinese assets but not to actually own them. This is how BABA, NIO, XPEV or whatever else Chinese works like. Besides, VIE technically is illegal but China has been silent on that.(more on the VIE structure https://globescancapital.com/chinese-vie-structure-wall-street-continues-to-ignore-the-risks/) Aside from all the political risks, I am wondering - if a Chinese company no longer needs to raise capital in the West, why would it keep the obligation to share profits with the shareholders? If the VIE structure is not enforceable, the shareholders of the Cayman Island companies (again: BABA, XPEV, NIO) could end up with empty bags while the profits would go to CEO/board/Chinese shareholders. Also given that shareholders are not entitled to any ACTUAL entity in the Chinese company, the board/CEO can decide to simply transfer ownership of the company’s assets to somewhere else thus leaving shareholders emptyhanded and thus NIO, BABA and whatever else could easily go to 0 while the actual companies may thrive. And this can harm not only retail. There was this dispute between Yahoo and Alibaba when Jack Ma transfered ownership of Alipay from the group to an entity controlled by himself and didn’t even inform other shareholders.(https://www.ft.com/content/40a66dd2-b9ec-11e0-8171-00144feabdc0) So if the Chinese companies trading under VIE structure don’t pay out their profits (technically the sole reason for the VIE structure), it looks like they should be bought only for speculation purposes. Are there any Chinese well established companies that share their profits and pay decent dividends to their VIE shareholders?   submitted by   /u/clint1reid [link]   [comments]
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  40. Earnings Results: Lyft posts narrower-than-expected full-year loss, as results show rebound in rides (09/02/2021 - Market Watch)
    Lyft Inc. on Tuesday reported fourth-quarter results that showed there was a continued rebound in ride-hailing, but it was marred by an increase in COVID-19 cases that sparked the reintroduction of some restrictions.
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  41. Why are Chinese VIE companies even traded? They sound like a complete scam (19/02/2021 - Reddit Stocks)
    Everyone here knows BABA, NIO, XPENG and quite a few other Chinese “stonks”. However, while owning these stocks you do not have any share in the actual Chinese companies due to VIE structure - instead you own a share of fake BABA, NIO, XPENG - some Cayman shell company with the same name as the Chinese real one. The only thing investors get are promises to share some profits in the future. Due to Chinese laws, there is no way this promise can be enforced as VIE structure is in fact illegal in China. So to me this seems like a huge scam - why are they even traded? Why would fake VIE companies have any value if the actual Chinese companies decide in the future they are not willing to pay dividends and share profits? Investors would be basically holding empty bags of promises.   submitted by   /u/clint1reid [link]   [comments]
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  42. NIO Capital - companies that NIO owns (that most investors do not know about) (15/02/2021 - Reddit Stocks)
    Here's the official list: http://www.niocapital.com/index.php?m=content&c=index&a=lists&catid=224 A few notable companies: 1) NIO owns 17% of Dida Chuxing (share riding like Uber, Lyft) a profitable company that has filed paperwork for IPO 1st in carpooling in China; 2nd in ride hailing https://asia.nikkei.com/Business/China-tech/China-s-Dida-Chuxing-poised-for-Asia-s-first-ride-sharing-IPO 2) NIO owns XPT which manufactures its powertrain. NIO wants to eventually supply its powertrain to other car manufacturers. https://cntechpost.com/2020/09/24/nio-president-says-its-motor-business-xpt-will-grow-independently/ https://www.xptglobal.com/cn/ 3) NIO is an investor of Innovusion which makes high definition lidars. This company will provide lidars for the upcoming NIO ET7. https://www.innovusion.com 4) NIO is an investor of Momenta and has named its co-founder as head of NIO's self driving unit. Ren Shaoqing's work has been cited more than any other scholar in autonomous driving (Tesla Andrej Karpathy’s work is ranked #5) https://mathtuition88.com/2020/12/20/shaoqing-ren-nio-the-genius-of-autonomous-driving/ The future is so bright!   submitted by   /u/Bmbiology [link]   [comments]
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  43. : Uber spending $250 million to lure drivers back to work as pandemic restrictions ease (08/04/2021 - Market Watch)
    Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.
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  44. : Uber spending $250 million to lure drivers back to work as pandemic restrictions ease (08/04/2021 - Market Watch)
    Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand.
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  45. China Exports - Chinese Herbal Medicine & Chinese Medicine (13/03/2021 - Trading Economics)
    Exports - Chinese Herbal Medicine & Chinese Medicine in China increased to 180500 USD THO in February from 128500 USD THO in December of 2020. Exports - Chinese Herbal Medicine & Chinese Medici in China averaged 107493.39 USD THO from 2014 until 2021, reaching an all time high of 180500 USD THO in February of 2021 and a record low of 58400 USD THO in February of 2019. This page includes a chart with historical data for China Exports of Chinese Herbal Medicine & Chinese Medi.
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  46. Earnings Results: Uber says Q4 bookings improve, but revenue misses expectations (10/02/2021 - Market Watch)
    Uber Technologies Inc. said Wednesday that fourth-quarter gross bookings rose 16% from the previous quarter, reflecting a continued ride-hailing recovery, but its revenue fell short of expectations.
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  47. : Uber CEO, other execs saw pay cuts in 2020 but still raked in millions (13/03/2021 - Market Watch)
    As the coronavirus pandemic ravaged the ride-hailing industry and gig workers in the U.S. relied on emergency government assistance like pandemic unemployment insurance, Uber Technologies Inc. executives took home considerably less in 2020 than in previous years, though their compensation still totaled millions of dollars.
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  48. The Wall Street Journal: LG calls it quits on smartphones; will halt production, sales by July 31 (05/04/2021 - Market Watch)
    LG Electronics Inc. will exit its unprofitable smartphone business after years of struggling to compete with industry leaders Apple Inc. and Samsung Electronics Co., as well as fast-growing Chinese rivals.
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