After Losing China, Uber’s Stake in DiDi Reaps $8 Billion in IPO
- DiDi is second-biggest U.S. IPO of a Chinese company
- Uber’s 12% stake in Didi is worth an estimated $8.1 billion
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Five years ago, Uber Technologies Inc. bowed out of the world’s second-largest economy by selling its China business to rival DiDi Global Inc. in exchange for a stake in the company. Now, the U.S. ride-hailing company is cashing in on its trade.