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TENCENT HOLDINGS LIMITED

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China's Didi Chuxing to take 3.1% of passenger ride fees as profit

05/07/2021 | 12:08pm EDT
FILE PHOTO: Didi headquarters in Beijing

BEIJING (Reuters) - Chinese ride-hailing giant Didi Chuxing, which is backed by SoftBank, Alibaba and Tencent, said on Friday that 3.1% of passenger fees for rides will go towards its profit last year.

Drivers can on average get 79.1% of what customers pay for a ride, Didi posted on WeChat. This is the first time it offers details of its income structure from ride-hailing services in 2020.

It added that it would adjust its pricing strategy after receiving driver's advises. Didi also operates other businesses including sharing bikes, grocery and logistics services.

Nine-year-old Didi Didi Chuxing has mandated Goldman Sachs and Morgan Stanley to lead its blockbuster initial public offering in New York, sources told Reuters.

Didi's CEO Cheng Wei said last year the company aimed to complete 100 million orders a day and have 800 million monthly active users globally by 2022.

(Reporting by Yilei Sun and Tony Munroe, editing by Louise Heavens)


ę Reuters 2021
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SOFTBANK GROUP CORP. -0.80% 7834 End-of-day quote.-2.78%
TENCENT HOLDINGS LIMITED 0.67% 603 End-of-day quote.6.91%
THE GOLDMAN SACHS GROUP, INC. 0.00% 357.53 Delayed Quote.32.28%
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Financials
Sales 2021 591 B 91 227 M 91 227 M
Net income 2021 150 B 23 084 M 23 084 M
Net cash 2021 116 B 17 917 M 17 917 M
P/E ratio 2021 37,2x
Yield 2021 0,28%
Capitalization 5 456 B 703 B 842 B
EV / Sales 2021 9,03x
EV / Sales 2022 7,37x
Nbr of Employees 89 228
Free-Float 62,4%
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Technical analysis trends TENCENT HOLDINGS LIMITED
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Mean consensus BUY
Number of Analysts 52
Last Close Price 573,50 CNY
Average target price 626,43 CNY
Spread / Average Target 9,23%
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Managers and Directors
NameTitle
Hua Teng Ma Executive Chairman & Chief Executive Officer
Chi Ping Lau President & Executive Director
Shek Hon Lo Chief Financial Officer & Senior Vice President
Chen Ye Xu Chief Information Officer
Yu Xin Ren COO & President-Interactive Entertainment Group
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