Uber boss admits cab-hailing service is suffering higher driver cancellations dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.
EXCLUSIVE: Uber faces a driver shortage after thousands quit during the pandemic due to a drop in demand for taxis, drivers say. It has led to increased wait times and more drivers using rival apps.
Uber vs Didi: How do the ride-hailing giants compare? iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Factbox: How do ride-hailing giants Didi and Uber compare?
Reuters | Jul 01, 2021 04:09 PM EDT
The app logo of Chinese ride-hailing giant Didi is seen on a mobile phone in this illustration picture taken (Photo : REUTERS/Florence Lo/Illustration)
Chinese ride-hailing giant Didi Global is set to make its trading debut on the New York Stock Exchange on Wednesday after an initial public offering that sources said raised $4.4 billion, valuing it at $67.5 billion in the biggest share sale by a Chinese company in the U.S. in seven years.
Didi absorbed Uber s China business in 2016 - Uber retains a 12.8% stake in the firm - and averaged 25 million rides a day in the first three months of the year in China, where it is the dominant operator.