Didi has surged 16% since its IPO, shrugging off the recent Chinese anti-trust probe
Didi has paved the way to profitability for ride-hailing companies. Exposure to EV and robotics is an added attraction
We are positive on other EM ride-hailing companies such as Grab (AGC US: Buy)
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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