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Didi’s valuation drive

16 June 2021 By Robyn Mak, Vincent Flasseur

China’s Uber is hoping its IPO will raise $10 bln, which would give it a $100 bln price tag. Justifying that target on current form requires a rich valuation multiple on par with the one sported by Southeast Asian super-app Grab. Barring that, Didi will need to accelerate growth.

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