About: http://data.cimple.eu/news-article/c37f2c50e4725eb1486a73d55d53191492286c79455634ea2b05b142

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About: http://data.cimple.eu/news-article/c37f2c50e4725eb1486a73d55d53191492286c79455634ea2b05b142 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Shares of Chinese ride-hailing giant Didi Chuxing rocketed higher Wednesday in its first trading session after raising $4.4 billion in an initial public offering. Near 1730 GMT, shares of Didi were up 14.3 percent at $16, well above the $14 IPO price and giving the company a valuation of around $77 billion. Didi Chuxing -- which claims to have more than 15 million drivers and nearly 500 million users -- is often the easiest and quickest way to call a ride in crowded Chinese cities. Founded in 2012 by Cheng Wei, a former executive at Chinese e-commerce giant Alibaba, the app has dominated the local ride-hailing market ever since it won a costly turf war against US titan Uber in 2016 and took over its local unit. Its largest institutional shareholder is Japanese investment fund Softbank, which holds a 21.5 percent stake. Previous filings showed the firm suffered a loss of $1.6 billion in 2020 as it was battered by strict Covid-19 pandemic measures and travel restrictions to tackle the virus, which first emerged in China in late 2019. But it saw a net profit of $800 million in the first three months of this year, with the outbreak now largely under control in China, its key market. The company trades under the "DIDI" ticker on the New York Stock Exchange. Dh-jmb/ft
schema:headline	Chinese ride-hailing app Didi surges in NYSE debut
schema:mentions	Alibaba Group E-commerce Computer virus Initial public offering New York Stock Exchange Uber Pandemic China Coronavirus disease 2019 Northern Wei DiDi Private equity fund Key market Artificial turf SoftBank Group Greenwich Mean Time
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-06-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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