News Snapshot:
The Chinese mainland’s top ride-hailing firm Didi Chuxing is considering the Hong Kong Special Administrative Region (HKSAR) for a multibillion-dollar initial public offering (IPO) next year, people with knowledge of the matter said, rethinking previous aims to list in New York. Didi, backed by technology investment giants SoftBank, Alibaba and Tencent, has started initial talks with investment banks for the long-awaited IPO, according to three people. The people spoke on condition of anonymity as the information, including the identity of the banks, was private. Didi, backed by technology investment giants SoftBank, Alibaba and Tencent, has started initial talks with investment...
