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jimbo
 Post subject: Didi Chuxing
PostPosted: Thu Jul 01, 2021 6:57 pm 
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Ride hailing business. Obviously Uber rival.

Just raised $4.4 billion on the New York stock market.

Valued at $67 billion.

Revenues of $21.6 billion last year. Lost $1.6 billion before tax. $825 million profit in last quarter.

Have applied for a private hire licence in Manchester.

Another day, another Uber.

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Sussex
 Post subject: Re: Didi Chuxing
PostPosted: Thu Jul 01, 2021 7:11 pm 
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Quote:
Another day, another Uber.

And they will suppress Uber's fares for a number of years until another one comes along, who will suppress fares until another one comes along, and on and on it will continue.

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edders23
 Post subject: Re: Didi Chuxing
PostPosted: Fri Jul 02, 2021 10:02 am 
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Location: Stamford Britains prettiest town till SKDC ruined it
Quote:
Another day, another Uber.



because launching taxi apps usually generates large value and therefore a big fortune for the original founder as long as they bail out at the right time they could be worth hundreds of millions of dollars

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jimbo
 Post subject: Re: Didi Chuxing
PostPosted: Mon Jul 05, 2021 12:50 pm 
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And strangely, days after this company launched on the NYSE, the Chinese government ban the didi app from the Chinese App Store. Why? Because they say didi are harvesting private information from app users. :shock: you couldn’t make it up.

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jimbo
 Post subject: Re: Didi Chuxing
PostPosted: Tue Aug 24, 2021 10:48 am 
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Didi, now a dodo.

Planned launch in the UK halted, as shares halve in value.

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Sussex
 Post subject: Re: Didi Chuxing
PostPosted: Tue Aug 24, 2021 6:48 pm 
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jimbo wrote:
Didi, now a dodo.

Planned launch in the UK halted, as shares halve in value.

Think it's because the Chinese government have the hump with them.

Due to their value plummeting Uber will have to announce a larger loss than they had anticipated during their next quarter results. :lol: :lol: :lol: :lol: :lol:

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