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Didi made $68 billion debut in the US


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 .

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