Hello Inc., an app-based urban transportation provider, has scrapped plans for a U.S. initial public offering just three months after the firm submitted its prospectus to the US Securities and Exchange Commission (SEC), according to information disclosed Wednesday on the SEC website.
China’s largest ride-hailing giant DiDi Chuxing is said to be considering an initial public offering in Hong Kong by the end of this year.
Didi Chuxing has set up a $10 million special relief fund for ride-sharing drivers and couriers diagnosed in its overseas markets.
On February 12, Didi released data from the first 10 days of this year’s Spring Festival (February 1 to February 10). According to the data, 7.58 million people returned home via the ridesharing service.