Industry

Despite flat growth, ride-hailing colossus Didi's US IPO could reach $70B

4 days ago   |   By Tech Crunch

Didi filed to go public in the United States last night, providing a look into the Chinese ride-hailing company's business. This morning, we're extending our earlier reporting on the company to dive into its numerical performance, economic health and possible valuation.
Didi is approaching the American public markets at a fortuitous moment. While the late-2020 IPO fervor, which sent offerings from DoorDash and others skyrocketing after their debuts, has cooled, valuations for public companies remain high compared to historical norms. And Uber and Lyft, two American ride-hailing companies...
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China's ride-hail giant Didi could be the world's biggest IPO this year

China's ride-hail giant Didi could be the world's biggest IPO this year

4 days ago   |   By Fast Company

China's ride-hail giant Didi Chuxing, which owns the largest market share in the country of 1.4 billion people, wants to go public.
China's ride-hail giant Didi Chuxing, which owns the largest market share in the country of 1.4 billion people, wants to go public and has filed the necessary paperwork with the U.S. Securities and Exchange Commission.
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Hyde Hotels to Open Its First International Property in Dubai

Hyde Hotels to Open Its First International Property in Dubai

The Hyde Hotels, Resorts & Residences brand today announced Dubai's first Hyde Hotel to open in Dubai Business Bay with four branded culinary experiences Read more ...

Southwest Airlines is delaying and canceling flights for the third day in a...

Southwest Airlines is delaying and canceling flights for the third day in a row as it tries to bounce back from technical issues that grounded its planes

Summary List Placement Southwest Airlines is delaying and canceling flights for the third day in a row as it continues to deal with the fallout from multiple issues that... Read more ...

Buy any dip in Tesla's stock because of its long-term growth potential, says...

Buy any dip in Tesla's stock because of its long-term growth potential, says a wealth manager at a $1.2 billion firm

Summary List Placement Traders should buy Tesla any time there's an opportunity, according to one investor. Michael Bapis, managing director of a private-wealth management firm... Read more ...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a...

Michael Saylor broke down MicroStrategy's bitcoin strategy, how it's a better inflation hedge than gold and what role ethereum plays in a recent interview. Here are the 10 best quotes

Summary List Placement MicroStrategy CEO Michael Saylor walked through his company's bitcoin investing strategy, fresh from borrowing $500 million to fund its purchases and... Read more ...

Hilton to Open Six New Hotels in France by Year End

Hilton to Open Six New Hotels in France by Year End

Hilton prepares to welcome guests to six new hotels across France before the end of the year, including the country's first Tapestry Collection by Hilton hotels Read more ...

Hog futures in China tumble to record low amid fears of pork oversupply

Hog futures in China tumble to record low amid fears of pork oversupply

Summary List Placement Hog futures in China tumbled to record lows amid fears of pork oversupply, the Financial Times reported . Dalian-traded hog futures -which allow... Read more ...

COVID-19 Webinar Summary: 5 Key Points on Europe Hotel Performance, 11 June...

COVID-19 Webinar Summary: 5 Key Points on Europe Hotel Performance, 11 June - STR

While Europe prepares for the summer months, hotel performance levels remain low. The U.K. is the outlier most recently, however, with a 59.5% occupancy level on a rolling... Read more ...

Lumber and copper prices have further to slide as speculation dies down and...

Lumber and copper prices have further to slide as speculation dies down and supply catches up, a top commodity strategist says

Summary List Placement The dramatic slide in lumber and copper prices has further to go, as speculators pull out of the market and supply catches up with demand, Saxo Bank's... Read more ...

Metal prices fall as China says it will release state stockpiles in effort...

Metal prices fall as China says it will release state stockpiles in effort to control a soaring commodities rally

Summary List Placement Most metal prices in London and Shanghai fell early Wednesday before paring back losses as China ramped up its campaign to rein in commodity prices that... Read more ...

Digital health companies are outgrowing highly specific markets. One expert...

Digital health companies are outgrowing highly specific markets. One expert says that's fueling the consolidation wave overtaking the industry

Summary List Placement For all the praise investors and founders lay on consumer-focused healthcare trends, it faces a major barrier that might be driving the current wave of... Read more ...