NEW YORK: Ride-hailing service Didi Chuxing, Uber Technologies Inc’s main rival in China, is working towards an initial public offering (IPO) in the United States that would likely take place in 2018, a person with knowledge of the plan said.
The Apple Inc-backed firm is valued at around US$25bil and its stock market listing would be the most high-profile by a Chinese company in the United States since Alibaba Group Holding Ltd’s IPO two years ago.
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