Didi Chuxing is China’s leading ride hailing service and plans an IPO with $70-80 billion valuation

Chinese ride-hailing giant Didi Chuxing is holding talks about an initial public offering (IPO) where it would be valued at $70-80 billion. (The Wall Street Journal reported)

Didi Chuxing was last valued at more than $50 billion in December, after raising $4 billion from investors including Japanese conglomerate SoftBank.

Didi Chuxing could go public as early as the second half of 2018.

Didi plans to expand to Taiwan and Mexico.