Didi Chuxing Technology Co. beat out Uber Technologies Inc. in China, but nearly three years later the startup, whose investors include its former rival and SoftBank Group Corp., still struggles with profitability in its core ride-hailing business.
In an essay published this week, Didi executive Chen Xi said for every ride it facilitated in China for the three months ended in December, Didi lost on average 2% of the fare paid.
Didi Chuxing should file for IPO on the NY Stock Exchange. If Lyft can have a valuation of $25 Billion and Uber expects $100 Billion, Didi should go for $200 Billion, none of these companies will ever make profit.
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Sounds like uber