Didi Chuxing's former mascot outside the company's headquarters in Beijing.

Didi Chuxing’s IPO may be SoftBank’s biggest ride-hailing payoff

$80 billion

Chinese ride-hailing giant Didi Chuxing is reportedly looking to wrap up an IPO by late 2018, which would mark a pretty big win for investor SoftBank.

Published   |  Photo by Reuters/Kim Kyung Hoon
Didi Chuxing's former mascot outside the company's headquarters in Beijing.
$80 billion

If Didi pulls the trigger, it’ll seek a valuation that could reach a high-end $80 billion, the Wall Street Journal reports. It would also put Didi’s IPO plans a year ahead of ride-hailing rival Uber.

Didi Chuxing's former mascot outside the company's headquarters in Beijing.
$80 billion

SoftBank, one of Didi’s biggest investors, is playing the ride-hailing version of Risk: The Japanese media titan has heavily funded India’s Ola, Singapore’s Grab, and Brazil’s 99.

Didi Chuxing's former mascot outside the company's headquarters in Beijing.
$80 billion

Valuations of leading ride-hailing companies (April 2017)

Didi Chuxing's former mascot outside the company's headquarters in Beijing.
$80 billion

Didi has continued to expand worldwide at the same time as Uber’s withdrawal from critical markets: first China, then Russia, and most recently Southeast Asia.

Didi Chuxing's former mascot outside the company's headquarters in Beijing.
$80 billion

If SoftBank picks Didi as its funding favorite, that may lock Uber out of most of Asia, the Middle East, and Latin America—leaving it with Australia, the US, and Europe.

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