附近上门

Chinese ride-hailing company has filed to go public in the United States.

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Didi is more or less the of China. In fact, the company bought Uber鈥檚 operations in China back in 2016. And now it鈥檚 looking to go public in a deal that could value it at , according to .听

Backed by investors including and , Didi last raised venture financing with a $500 million round led by SoftBank in May 2020, per 附近上门. It also raised $1.5 billion in debt financing in April 2021.

SoftBank, Uber and are among the largest shareholders in the company, which is based in Beijing. Uber became a stakeholder in the company after selling its Chinese operations to Didi.听

Didi operates in 15 countries and has 493 million annual active users, along with 15 million annual active drivers, according to its F-1. The company reported having 41 million average daily transactions on its platform.听

In terms of numbers, the company reported $21.6 billion in revenue last year. Although that figure is down from the nearly $24.2 billion in revenue the company generated in 2019, it鈥檚 nothing to scoff at and can likely be attributed to the COVID-19 pandemic. Its losses came out to about $2.1 billion in 2020, up from about $1.25 billion in 2019. The company isn鈥檛 profitable, and has had losses every fiscal year since it was founded in 2012.听

Didi detailed how the pandemic affected its business, reporting that operations rebounded in the second half of 2020.

鈥淭he demand for our mobility offerings, as well as the supply of drivers, decreases drastically under such conditions. Our Core Platform GTV fell by 32.8% in the first quarter of 2020 as compared to the first quarter of 2019, and then by 16.0% in the second quarter of 2020 as compared to the second quarter of 2019,鈥� the company wrote in its filing. 鈥淥ur businesses resumed growth in the second half of 2020, which moderated the impact on a year-on-year basis.鈥�

, and are among the underwriters for the IPO.

The company applied to list on the under the ticker DIDI.听

Illustration: Li-Anne Dias