DiDi Global Inc.

Description

DiDi Global Inc is a mobility technology company that provides a wide range of app-based services across Latin America, Asia Pacific, Africa and Russia.

The Chinese ride-hailing giant made a debut on the New York Stock Exchange on June 30, 2021. It reportedly raised US$4.4 billion through an upsized initial public offering (IPO).

The stocks will trade under the symbol ‘DIDI’ on NYSE.

The mobility solutions provider has a strong presence in various countries, including Brazil, Chile, Australia, China, Colombia, Peru, Argentina, Costa Rica, Ecuador, Dominican Republic, Japan, New Zealand, Panama, Mexico and South Africa.

The multi-modal transportation company provides taxi-hailing, ride-hailing, chauffeur, food delivery, intra-city freight auto solutions and financial services.

The Beijing-based service provider launched the DiDi Dache App in June 2012.

In January 2015, DiDi Enterprise Solutions was reportedly formed to provide enterprise mobility customers with a manageable one-stop transportation solution.

Two Chinese rivals, Kuaidi Dache and DiDi Dache, merged to create the largest taxi app firms in China in 2015. However, the companies operate under their respective brand names and have independent business operations, which remained unchanged following the merger. The two companies reportedly received significant investments from Alibaba and Tencent.

Kuaidi Dache acquired Bumble Bee Dache in 2013.

In 2017, the company launched DiDi Labs in California in a bid to focus on intelligent driving technologies and artificial intelligence-based security.

DiDi Global Inc provides car rental services through its C2C ridesharing platform. In addition, it provides online bus booking and bus leasing services through DiDi Bus.

The Chinese giant also launched DiDi Women’s Network in March 2017 to provide career development and personal growth platform for the female staff, reportedly.

The company entered the food delivery business by launching a pilot food delivery service in Wuxi, Jiangsu province, in 2018.

In March 2018, the company entered into a partnership with BAIC Group to build an intelligent mobility ecosystem in the electric vehicle segment.

In May 2019, the mobility solutions provider partnered with China’s State Grid EV service to develop on-demand electric vehicle charging services.

The company owns and operates taxi-hailing services in Tokyo, Kyoto, and Hokkaido in Japan.

In 2020, the Beijing-based firm rolled out an in-app health guard program in the Latin American segment to reportedly verify and monitor mask-wearing, temperature checks and inspect daily vehicle disinfection.