China's Didi prepares for IPO in US, sources say

BEIJING -- Didi Chuxing, China's top ride-hailing company, is preparing an initial public offering in the U.S., Nikkei has learned. The IPO is expected to value the company at around $70 billion to $100 billion. Didi is expected to use the billions of dollars it stands to gain from the IPO to fund a global expansion.