Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

REUTERS/Carlos Jasso

Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters.

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