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RIDE-HAILING service Didi Chuxing Nike Air Max 270 Hot Punch Sale , Uber Technologies Inc’s main rival in China, is working toward an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said yesterday.
The Apple Inc-backed firm is valued at about US$25 billion and its stock market listing would be the most high-profile by a Chinese company in the US since Alibaba Group Holding Ltd’s two years ago.
Didi has ruled out a stock market flotation in China, said the person Nike Air Max 270 Light Bone Sale , who declined to be identified as the discussions about a listing were private.
There are nearly 800 companies waiting to get regulatory approval for an IPO in China, making it hard to predict when a listing might happen.
A Didi spokeswoman in Beijing said the company currently has no IPO plan.
Didi Chuxing, which dominates the ride-sharing market in China, was formerly known as Didi Kuaidi and was formed last year from the merger of two companies backed separately by e-commerce giant Alibaba and social network firm Tencent Holdings Ltd.
Bloomberg News earlier reported that Didi was targeting a New York listing next year Nike Air Max 270 OG Sale , but the person with knowledge of the matter said a 2017 listing would be too early.
Didi is currently seeking to raise US$3 billion in its latest funding round, which includes an investment of US$1 billion from Apple.
BEIJING, Aug. 3 (Xinhua) -- The colorful seas of haphazardly parked bicycles outside subway entrances and along sidewalks in Chinese cities will hopefully disappear soon thanks to new guidelines.
The Chinese government issued guidelines on Thursday to regulate bike-sharing services, which have boomed nationwide but led to urban management challenges such as congested city sidewalks.
Users of bike-sharing services in China should register under their real names Nike Air Max 270 Flyknit Sale , according to the guidelines released by the Ministry of Transport (MOT) and nine other government departments.
The MOT released a draft version of the guidelines in May to solicit public opinion, receiving 780 suggestions.
Due to safety concerns, bike-sharing providers are banned from offering services to children under the age of 12 and are not encouraged to offer electric bike services.
By scanning a bike's QR code with a smartphone, riders can pedal away for as little as 0.5 yuan (7.4 U.S. cents ). The services allow users to pick up or drop off a bike almost anywhere.
China now has around 70 bike-sharing brands Nike Air Max 270 Sale , which have put more than 16 million bicycles on streets nationwide and attracted over 130 million users, according to the MOT.
Shared bikes are part of the green urban transport system, and city governments should optimize bike transportation networks to improve convenience and safety for riders, the guidelines said.
Local governments should study specific conditions to ensure rational allocation of bicycles and avoid excess supply in some areas Air Max 270 Hot Punch Sale , the guidelines said.
Market players such as Mobike and Ofo have been speeding up expansion, both domestically and abroad, while updating their bikes and increasing output to grab a bigger market share.
A survey from the Shanghai Bicycle Association showed that about 500,000 bikes are sufficient to meet daily use for Shanghai Air Max 270 Light Bone Sale , but the city is home to over one million shared bikes operated by 11 enterprises.
According to Zhang Siding, cofounder of Ofo, his company's bike supply is already adjusted dynamically based on changes in demand and frequency of use.
Bike-sharing operators are encouraged to set up electronic fences to guide users to park in an orderly manner and dispose of non-functioning bicycles in a timely fashion.
The guidelines also encourage the companies to offer services without requiring deposits to avoid cash pooling that could lead to illegal funding concerns, according to Wu Chungeng Air Max 270 OG Sale , spokesperson with the MOT.
Many bike-sharing apps require users to deposit between 99 and 299 yuan before using the service. Some pioneers have introduced discounted or free deposits for users based on their credit performance.
The introduction of electronic fences and credit scoring will help encourage users to behave in line with regulations and improve management efficiency, said Xing Lin, director of government affairs with Mobike.
Aerial view of Hohhot in China's Inner Mongolia
In pics: "Army Scout Masters" competition of Int'l Army Games
Britain's Prince Philip ends 65 years of official engagements
Argentine farmers give away bananas to protest low prices
Military parade held to mark PLA 90th birthday (Part I)
SWAT team members take part in drill
Acrobatic show staged in China's Xinjiang
Martial arts competition held in China's Henan
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