Breakingviews - China’s Didi looks short on engine power [Reuters]
Uber Technologies, Inc. (UBER)
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Source: Reuters
Breakingviews - China’s Didi looks short on engine power HONG KONG (Reuters Breakingviews) - Didi Chuxing lacks a spark. A new three-year strategic plan from China’s top ride-hailing outfit includes only vague targets and uninspiring direction, as big tech peers like Alibaba and Meituan Dianping grab post-Covid-19 opportunities in health and more. Didi’s $53 billion valuation will be harder to justify without a stronger drive. The privately held company has been bogged down for the past two years after high-profile passenger safety scandals. Boss Cheng Wei is keen to move on. By 2022, the entrepreneur wants 100 million daily trips and 800 million monthly active users globally. The targets unveiled last week are difficult to compare with Didi’s current position, and they are ambitious: as a comparison, the $49 billion Uber Technologies averaged less than 20 million daily rides and meal deliveries combined last year and just over 100 million monthly active users. That implies Didi is ey
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UBER
Earnings
- 11/4/25 - Beat
UBER
Sec Filings
- 1/13/26 - Form 4
- 1/13/26 - Form 4
- 1/13/26 - Form 4
- UBER's page on the SEC website