July 22, 2020 / 3:59 AM / 18 days ago

China's Didi Chuxing says it currently has no plans for IPO

FILE PHOTO: Logo of Didi Chuxing is seen at its headquarters building in Beijing, China August 28, 2018. REUTERS/Jason Lee

BEIJING (Reuters) - China’s dominant ride-hailing firm Didi Chuxing said on Wednesday that an initial public offering (IPO) was not its top priority, and the company did not have any related plan for the moment.

Chinese financial magazine Caixin reported on Tuesday that Didi was making preparations for an IPO in Hong Kong.

Reporting by Yilei Sun, Lusha Zhang and Brenda Goh; Editing by Himani Sarkar

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