Ride hailing service Dida Chuxing will reportedly target $500m in the offering, which would represent an exit for Nio Capital, BitAuto, JD.com and Ctrip,
Dida Chuxing, the China-based ride hailing service backed by corporate investors BitAuto, Nio, JD.com and Ctrip, has filed to float on the Hong Kong Stock Exchange.
The company is reportedly targeting about $500m in the offering, which would represent the first IPO for a Chinese company operating in the ride hailing sector. Haitong International Capital and Nomura International are joint sponsors for the flotation.
Not to be confused with China’s market leader, Didi Chuxing, Dida operates an app-based on-demand ride…
