With regard to the purpose of the fund-raising, Didi disclosed in its prospectus that it plans to use about 30% of the amount raised to expand its business in international markets outside China; about 30% of the amount raised will be used to enhance technical capabilities, including shared travel, electric cars and self-driving; and about 20% will be used to launch new products and expand existing product categories to continuously improve the user experience. The rest may be used for working capital requirements and potential strategic investments.
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Jan 23 16:54
MicroStrategy Q4 2024 earnings conference call
Reassessing Chinese Assets
Following the introduction of China's groundbreaking DeepSeek technology, Wall Street giants have revised their investment outlooks for the Chinese market.
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