The on-demand ride provider, which is backed by a host of corporates, could float as soon as this year with a valuation of $70bn to $80bn.
China-based, corporate-backed ride hailing platform Didi Chuxing is considering an initial public offering that could value it at up to $80bn, the Wall Street Journal reported yesterday.
The offering could take place before the end of 2018 and the company, whose shareholders include Uber, SoftBank, Tencent, Foxconn, Alibaba, China Life and Apple, would seek a valuation of at least $70bn, according to people familiar with the matter.
Didi operates an on-demand ride service that provides up to 30 million rides…
