IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

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Global Equity Research Ltd

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<p><a href="https://www.smartkarma.com/entities/dida-inc" target="_blank" data-smartkarma-citation="entities:29701:1" rel="noopener">Dida (DIDA HK)</a> operates the largest carpooling marketplace in China with a market share of 66.5% as measured by the number of carpooling rides in 2019, according to Frost &amp; Sullivan. Dida is seeking listing approval to raise $500 million through a Hong Kong listing, according to press reports. Dida is backed by <a href="https://www.smartkarma.com/entities/nio-inc" target="_blank" data-smartkarma-citation="entities:27399:1" rel="noopener">NIO Inc (NIO US)</a>’s founder (Mr Bin Li), <a href="https://www.smartkarma.com/entities/bitauto-holdings-ltd-adr" target="_blank" data-smartkarma-citation="entities:12004:1" rel="noopener">Bitauto Holdings (BITA US)</a>, Hillhouse Capital, <a href="https://www.smartkarma.com/entities/jd-com-inc-adr" target="_blank" data-smartkarma-citation="entities:446:1" rel="noopener">JD.com Inc (ADR) (JD US)</a> and <a href="https://www.smartkarma.com/entities/trip-com-group-ltd" target="_blank" data-smartkarma-citation="entities:180:1" rel="noopener">Trip.com (TCOM US)</a>. </p><div class="content-highlight"><p>Dida is a play on China’s carpooling market which is an increasingly accepted mobility option in China. In recent years, Chinese regulators have released various policies and guidelines to tackle traffic congestion and carbon emissions, including a commitment to promote carpooling under a regulatory framework. Dida is an attractive new economy company that combines high growth with profitability and cash generation. Consequently, Dida warrants a closer look.   </p></div>

Dida (DIDA HK) operates the largest carpooling marketplace in China with a market share of 66.5% as measured by the number of carpooling rides in 2019, according to Frost &amp; Sullivan. Dida is seeking listing approval to raise $500 million through a Hong Kong listing, according to press reports. Dida is backed by NIO Inc (NIO US)’s founder (Mr Bin Li), Bitauto Holdings (BITA US), Hillhouse Capital, JD.com Inc (ADR) (JD US) and Trip.com (TCOM US). Dida is a play on China’s carpooling market which is an increasingly accepted mobility option in China. In recent years, Chinese regulators have released various policies and guidelines to tackle traffic congestion and carbon emissions, including a commitment to promote carpooling under a regulatory framework. Dida is an attractive new economy company that combines high growth with profitability and cash generation. Consequently, Dida warrants a closer look.   

Dida

Dida IPO Initiation: Sharing a Lift