This article only represents the author's own views.
The race to become China’s first publicly traded ride-sharing company goes on.
After making three previous attempts, Dida Inc. is hoping for better luck with its fourth application for a Hong Kong IPO filed on the last day of August. Perhaps most interesting, Dida’s latest prospectus says it is “China's second largest ride-hailing platform in terms of the total number of rides taken in 2022.” That’s a downgrade from its previous three prospectuses dating back to October 2020, when it was always China’s “biggest ride-hailing service platform.”
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