Didi’s way of reporting revenue is very fishy. The $6.4b didn’t exclude the payment to drivers. It’s basically almost the same as gross booking.
It should be on purpose and is a typical China-company trick. Then multiple China-source journalists will follow up and pro the fishy story, just like this article.
What do you mean fishy? You think this change of definition is going to fool SoftBank or Uber? They’re just using different definitions. Btw Didi turned a profit last quarter. And what do you mean 2x Uber? Uber has 90b market cap and didi is valued around 70b? Where does 2x come from? I know Indians hate China but come on man.
Didi Q1 rev in IPO filing: 6.4b Uber Q1 rides rev in ER: 2.9b
Maybe not you but many dumbs are thinking Didi is 2x Uber, which may be valued at 150b market cap. That’s good. They can buy more Didi to push Didi’s stock price higher, which will eventually benefit Uber employee’s rsu.
Didi lost 1.6b in the filing but peoples are saying they are making a profit? What’s Didi’s trick here? It’s all published in the IPO filing. And that kind of tricks is commonly used by US-listed China companies or US-funded pre-ipo China companies.
Another fact is, a US-listed China companies’ earning report can be without audit, not like other US companies. That’s great. US capitalists help CCP taking the world as always.
Who are the Indians in the thread? I’m not, are you? I thought poor and angry Indians are still busy in criticizing China’s rocket launch.
comments
It should be on purpose and is a typical China-company trick. Then multiple China-source journalists will follow up and pro the fishy story, just like this article.
Uber Q1 rides rev in ER: 2.9b
Maybe not you but many dumbs are thinking Didi is 2x Uber, which may be valued at 150b market cap. That’s good. They can buy more Didi to push Didi’s stock price higher, which will eventually benefit Uber employee’s rsu.
Didi lost 1.6b in the filing but peoples are saying they are making a profit? What’s Didi’s trick here? It’s all published in the IPO filing. And that kind of tricks is commonly used by US-listed China companies or US-funded pre-ipo China companies.
Another fact is, a US-listed China companies’ earning report can be without audit, not like other US companies. That’s great. US capitalists help CCP taking the world as always.
Who are the Indians in the thread? I’m not, are you? I thought poor and angry Indians are still busy in criticizing China’s rocket launch.