Chinese companies continue to make money on the US stock markets. Didi, an alternative to Uber, China’s giant ride-hailing company, started selling shares on the New York stock market.
Chinese ride-hailing company Didi Global closed its first day on the New York Stock Exchange with a valuation of $ 68.49 billion . Didi does not want to leave the market to Uber in America and gave the first message that it will be a strong competitor .
In this case, Didier to Alibaba ‘s 2014 ‘ in the stock market after opening the second largest Chinese company the title won. The response of the Chinese company Didi to the US -based Uber in its initial public offering was worth $ 4.4 billion . Chinese companies in recent US stock exchanges to show up quite a common situation began to be.
According to Refinitiv , a data provider for financial markets , in the first six months of 2021, 29 Chinese companies raised a total of $7.6 billion in public offerings on US stock markets . This continues to happen despite years of tension between Washington and Beijing .
Didi initially aimed to reach a valuation of $100 billion, but Didi downsized that expectation after potential investors voiced concerns about the pace of the company’s expansion plans and current profitability , according to a Reuters report in March .
Didi , the car call the platform many as the first three months of this year up to $ 30 million profit reporting damage it was .
In 2020 , the business reported an annual loss of $1.6 billion as it was hit by the pandemic .