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Uber seeks to sell its shares in its Chinese competitor Didi

2021-12-14T20:27:45.906Z


The American group Uber is seeking to sell stakes in its non-strategic assets, including its Chinese competitor Didi, without urgency, however ...


The American group Uber is seeking to sell stakes in its non-strategic assets, including its Chinese competitor Didi, without urgency, however, since the group is moving towards profitability and sees its activities gradually recovering, its managing director said on Tuesday.

Read alsoDidi, the Chinese tech giant, in a hurry to leave Wall Street

The world leader in chauffeur-driven car reservations (VTC) has investments in several companies.

"Some of them, we will keep them because they are strategic"

, explained Dara Khosrowshahi at a conference organized by UBS Securities.

“Many of them, starting with Didi, are not strategic.

They are competitors, ”

he added.

So Uber will seek to

"monetize this kind of stakes over time."

First step towards profitability for Uber

But as Uber posted for the first time a gross operating surplus (EBITDA) in the third quarter, a first step towards profitability,

"we do not need to rush,"

Dara Khosrowshahi also underlined.

The group has just recorded its best week in terms of gross bookings for trips with a driver and for deliveries, said the boss.

Passenger transport

"continues to approach its pre-pandemic level,"

he added.

Uber's stock was up 4.8% around 7.20 p.m. GMT on the New York Stock Exchange in a declining market.

That of Didi, who recently announced that he was going to withdraw from the New York Stock Exchange for that of Hong Kong, fell by 1.56%.

Source: lefigaro

All business articles on 2021-12-14

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