China News Service, Beijing, June 11 (Reporter Zhou Rui) Didi Chuxing disclosed on the 11th that the company has formally submitted an IPO prospectus to the US Securities and Exchange Commission under the ticker symbol "DIDI", Goldman Sachs, Morgan Stanley, JPMorgan Chase and China Renaissance Capital acted as underwriters.

  The prospectus shows that before the IPO, Didi founder and CEO Cheng maintained 7% of the shares, and co-founder and president Liu Qing held 1.7%.

According to the conventional arrangement of the same stock with different rights in the China Concept Stocks, Cheng Wei and Liu Qing together hold more than 48% of the voting rights, and Didi's management, including Cheng Wei and Liu Qing, owns more than 50% of the voting rights.

  The prospectus disclosed that as of March 2021, Didi has been operating in more than 4,000 cities and towns in 15 countries, including China, providing online ride-hailing, taxis, ride-hailing, shared bicycles, shared motorcycles, on behalf of driving, Services such as car service, freight, finance and autonomous driving.

  Judging from the prospectus, Didi’s revenue composition is divided into three parts, namely, China’s travel business (China's online car-hailing, taxi, agent driving, and ride-hailing businesses), international business (international travel and food delivery, etc.) and Other businesses (shared bicycles and motorcycles, car services, freight, autonomous driving, financial services, etc.).

  In the 12 months ending March 31, 2021, Didi had 493 million global annual active users and 15 million global annual active drivers.

Among them, from March 31, 2020 to March 31, 2021, Didi has 377 million annual active users and 13 million annual active drivers in China.

In the first quarter of 2021, Didi China Travel has 156 million monthly active users, and the average daily transaction volume of China's travel business is 25 million.

  In terms of order volume and transaction volume, in the 12 months ending March 31, 2021, Didi's global average daily transaction volume was 41 million orders, and the total transaction volume on the entire platform was 341 billion yuan (RMB, the same below) .

During the three-year period from January 1, 2018 to March 31, 2021, the total income of platform drivers was about 600 billion yuan.

  The prospectus also announced the income of Didi's specific businesses.

In 2020, Didi's three major businesses-China's travel business, international business and other business revenues were 133.6 billion yuan, 2.3 billion yuan and 5.8 billion yuan respectively.

  In terms of profit performance, China's travel business achieved an adjusted pre-interest and tax profit of 3.84 billion yuan in 2019, 3.96 billion yuan in 2020, and 3.62 billion yuan in the first quarter of 2021.

In addition, the pre-interest, tax and amortization profit rate of China's online car-hailing business in 2020 is 3.1%.

  As of December 31, 2020, Didi has 15,914 full-time employees worldwide, of which 7,110 are R&D employees, and R&D employees account for 44.7%.

  Regarding the purpose of this fundraising, Didi disclosed in the prospectus that it plans to use about 30% of the fundraising to expand its business in international markets outside of China; about 30% of the fundraising is used to enhance the use of shared travel and electric vehicles. And autonomous driving; about 20% is used to launch new products and expand existing product categories to continuously improve user experience; the remaining part may be used for working capital requirements and potential strategic investments.

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