Has the investor promotion started? Didi said there is currently no IPO timeline.

On June 18th, according to Tencent Technology citing The Information, Chinese ride-hailing giant Didi Chuxing hopes to relist in Hong Kong in 2025, two years after delisting from the US stock market. Didi conveyed to investors that the company's business performance is continuously improving.

According to investors and bankers who participated in Didi's promotional activities, in the past few months, Didi's representative team led by David Xu, Vice President and Head of Capital Markets, has had intensive contacts and communications with many well-known investment institutions or bank organizations, including Morgan Stanley, JPMorgan Chase, Goldman Sachs, Citibank, etc.

If this rumor is true, it would be the second time that Didi Chuxing has conveyed its intention to connect with the capital market since its official delisting from the New York Stock Exchange on June 12, 2022.

In response to the above rumors, Didi said that it is currently focused on continuously developing its main business, better serving passengers, drivers, and partners, continuously improving product services and innovation capabilities, and creating long-term value for the industry and society. Didi has always maintained regular communication with investors to synchronize the company's business progress, and there is currently no IPO timeline.

Founded by Cheng Wei in 2012, Didi Chuxing underwent about 21 rounds of financing before its IPO, raising over 20 billion US dollars in capital support. On June 30, 2021, Didi listed on the New York Stock Exchange, but just a few days later, it was required to rectify and delist due to suspected infringement of personal privacy rights. Half a month later, Didi was jointly investigated by the State Internet Information Office, the Ministry of Public Security, and six other departments.

In June 2022, Didi delisted from the United States, and its share price has fallen from a high of 16.4 US dollars per share to 2.29 US dollars per share.

However, similar rumors have also emerged in the past year.

In October last year, there were also market rumors that Didi planned to list in Hong Kong in 2024, with a new valuation of 16 billion US dollars at that time.

Previously, on March 23, Didi released its financial results for the fourth quarter and full year of 2023. The financial report showed that Didi's revenue increased by 36.6% year-on-year in 2023, achieving annual profitability for the first time.

Recently, Cheng Wei, the founder, chairman, and CEO of Didi Chuxing, said that the company has achieved significant and steady growth in various businesses since 2024. Whether in the domestic market or the international market, Didi's order volume has exceeded the historical quarterly peak.

In the past two years, the ride-hailing industry has faced industry saturation and compliance issues. Starting from the second half of last year, officials in Ningbo, Wuhan, Changsha, Shenzhen, and other places have successively issued announcements calling for rational entry into the ride-hailing industry.