Didi Chuxing, China's largest ride-hailing company
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



2024 / 2025 Summits in Hong Kong & Singapore
Institutional Investor Summit / Roundtable - March / Oct / Nov
Investment / Alternatives Summit - March / Oct / Nov
Investment Day - March / July / Sept / Oct / Nov
Private Wealth Summit - April / Oct / Nov
Family Office Summit - April / Oct / Nov
View Events | Register


This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $30 billion.











Didi Global IPO on NYSE, Rises 1% on Day 1 with Market Value of $68 Billion

1st July 2021 | Hong Kong

Didi Global, China’s largest ride-hailing service and the world’s largest mobility technology company, has IPO on New York Stock Exchange (NYSE) at the IPO price of $14, rising 1% on Day 1 with a market value of $68 billion (30/6/21, Wed).  Didi Global share price opened at $16.65 (+18%), reaching a high of $18.01 (+29%), and a low of $14.10 before closing at $14.14 (+1% of IPO price $14).  Didi Global and known as Didi Chuxing in China, was founded in 2012 in Beijing (China), receiving investments from Softbank Vision Fund and Tencent, and in 2016 bought Uber China with Uber becoming a key shareholder (12.8%) of Didi Global.  The IPO also created 2 self-made in CEO & founder Will Cheng Wei ($4.4 billion) and President Jean Liu Qing ($1.08 billion).  

“ Didi Global IPO on NYSE, Rises 1% on Day 1 with Market Value of $68 Billion “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
17th Oct Hong Kong | 7th Nov Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Join 20+ CIOs & Senior investment team, with > 60% single family offices with $300 million AUM. Taking place on 17th Oct 2024 in Hong Kong, 7th Nov 2024 in Singapore. Every March, July, Sept, Oct & Nov.
Visit | Register here


The 2024 Family Office Summit
17th Oct Hong Kong St Regis | 7th Nov Singapore Amara Sanctuary Resort

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here


2024/2025 Institutional Investor Summit / Roundtable
March / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Senior investment team from Sovereign Wealth Funds, Pension Funds, Endowments, Foundations & Charities in Hong Kong, Singapore & Asia-Pacific at the 2024 Institutional Investor Summit / Roundtable.   Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Investment / Alternatives Summit
March / Oct / Nov in Hong Kong & Singapore

Join leading asset managers, hedge funds, boutique funds, private equity, venture capital & real estate firms in Hong Kong, Singapore & Asia-Pacific at the Investment / Alternatives Summit. Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here


2024/2025 Private Wealth Summit
April / Oct / Nov in Hong Kong & Singapore

Join CEOs, CIOs, Head of Private Banking, Head of Family Offices & Product Heads at The Private Wealth Summit.  Join as delegate, speaker, presenter, partner & sponsor.
Visit | Register here





Didi Chuxing, China’s Largest Ride-Hailing Co.

Didi Chuxing, China’s largest ride-hailing company

CEO & founder Will Cheng Wei founded Beijing Orange Technology in 2012 and launched Didi Dache, a taxi-hailing app. In 2015, Didi Dache merged with rival Kuaidi Dache to become Didi Chuxing.  In 2016, Didi Chuxing acquired Uber China, with Uber exiting China and become a shareholder of Didi Chuxing with 12.8% shareholding.

Today, Didi Chuxing is China’s largest ride-hailing service and is led by President Jean Liu Qing, CEO & founder Will Cheng Wei and COO Stephen Zhu Jingshi.   In 2020, Didi Chuxing reported $21.6 billion in revenue and $1.6 billion in net loss.  For the first 3 months of 2021 ending 31st March, Didi Chuxing reported $6.4 billion revenue, net income of $800 million and adjusted EBITA loss of $800 million.

The IPO filing was made under Didi Chuxing formal name, Xiaoju Kuaizhi on the 10th of June 2021.  Xiaoju Technology Co., Ltd. was founded in Beijing and launched the DiDi Dache app in June; Kuaizhi Technology Co., Ltd. was founded in Hangzhou and launched the Kuaidi Dache app in May. Both companies provided online taxi-hailing services.

 

Didi Global Shareholders, New Billionaires Emerge

Founder & CEO Will Cheng Wei of Didi Chuxing, China’s largest ride-hailing company

Didi Global largest institutional shareholders include Softbank Vision Fund (20.2%), Uber (12%) and Tencent (6.4%).  Didi Chuxing’s leadership team also owns 8.1% shareholding with CEO & founder Will Cheng Wei owning 6.5% and President Jean Liu Qing owning 1.6%.

At $68 billion valuation, Will Cheng Wei become another self-made billionaire in China with $4.4 billion in share value, and President Jean Liu Qing, who is the daughter Lenovo founder Liu Chuan Zhi, with $1.08 billion in share value.

  • Softbank Vision Fund 20.2% – $13.7 billion
  • Uber 12% – $8.1 billion
  • Tencent 6.4% – $4.3 billion
  • Will Cheng Wei 6.5% – $4.4 billion
  • Jean Liu Qing 1.6% – $1.08 billion

Uber is listed on New York Stock Exchange (NYSE) and has a market capitalization of $93 billion (30/6/21).  In 2018, Didi Chuxing was valued at $56 billion and in 2019, valued at $62 billion in private market.  

Xiaoju Technology Co., Ltd. was founded in Beijing and launched the DiDi Dache app in June; Kuaizhi Technology Co., Ltd. was founded in Hangzhou and launched the Kuaidi Dache app in May. Both companies provided online taxi-hailing services.

 

Didi Global IPO Fast Facts

President Jean Liu Qing of Didi Chuxing, China’s largest ride-hailing company
  • IPO Price: $14
  • Trading Debut: 30th June 2021
  • Open: $16.65 (Day 1)
  • High: $18.01 (Day 1)
  • Low $14.10 (Day 1)
  • Close $14.14 (Day 1)
  • Market Value: $68 billion
  • Market Value: $73 billion (30 days option for underwriters)
  • Raised $4.4 billion
  • NYSE Ticker: DIDI
  • Stock Exchange: New York Stock Exchange (NYSE)
  • New Shares: 316.8 million American Depositary Shares (ADSs)
  • Option: 47.52 million additional ADSs at $14.00 (Within 30 days)

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 47.52 million additional ADSs at $14.00 per ADS.

 

The Underwriters, Book Runners, Co-Managers

The underwriters & book runners are Goldman Sachs, Morgan Stanley and JP Morgan.  The joint book runners are Bank of America, Barclays, China Renaissance Securities, China International Capital Corporation (CICC), Citigroup, Guotai Junan, HSBC and UBS. 

The co-managers are Bank of China International, BOCOM International, CCB International Capital, CLSA, CMB International Capital, Futu, ICBC, Mizuho Securities and Tiger Brokers.

 

China:

IPOs




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 17th Oct2024 Investment Day Singapore 7th Nov2024 Family Office Summit Hong Kong 17th Oct2024 Family Office Summit Singapore 7th Nov2025 Events












    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • July 2024 - Hong Kong
    • July 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Oct 2024 - Hong Kong
    • Nov 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014