Latest news with #DiDi
Business Insider
27-05-2025
- Automotive
- Business Insider
Hesai reports Q1 EPS RMB 0.06 vs (RMB 0.54) last year
Reports Q1 revenue RMB 525.3M vs RMB 359.1M last year. 'Hesai (HSAI) was ranked as the world's No.1 automotive lidar company by revenue market share for the fourth consecutive year in 2024, according to Yole Group-affirming our industry leadership. 2025 is off to a strong start, and we are ready to build on this momentum,' said Yifan 'David' Li, Hesai's Co-Founder and CEO. 'At the 2025 Shanghai Auto Show, one thing was clear-OEMs are all-in on intelligent driving. Our three core beliefs for lidar echo this vision-safety is not optional, never second-best, and without limits. Our ADAS lidar brings these values to life and continues to secure major design wins with new deals signed recently with Chery, Great Wall Motor, Zeekr, and Geely. Internationally, we've made rapid progress by securing a new development project with a Top 5 global Tier 1 supplier headquartered in Japan. We also empowered the Robotaxi industry as the main lidar supplier for next-generation fleets from Baidu Apollo Go, DiDi, and WeRide, while supporting the global expansion of some partners into key overseas markets. Beyond transportation, we believe every robot needs lidar as a foundational 3D sensor. Our JT series has emerged as a key enabler in this space, attracting strong interest from a wide range of Robotics customers. With accelerating adoption and expanding opportunities across the ADAS and Robotics segments, we are confident in our ability to scale our reach and unlock even greater growth in the quarters to come.'
Identity
18-05-2025
- Business
- Identity
DiDi Egypt Rolls Out DiDi Comfort: Affordable Premium Rides Now Available in Cairo and Alexandria
Cairo, Egypt: DiDi Egypt, a leading mobility technology platform, announced the official launch of DiDi Comfort, a new ride option now available in Cairo and Alexandria. Designed to provide a higher standard of everyday travel, DiDi Comfort offers passengers a more premium, comfortable, and reliable ride experience while creating new income opportunities for top-rated drivers. DiDi Comfort is tailored for riders seeking enhanced ride quality without the high cost typically associated with premium transportation services. With newer vehicles and drivers rated 4.7 stars and above, the service offers a noticeably smoother and quieter journey, especially during Egypt's warmer months, where air-conditioned comfort is essential. Commenting on the newly added service, Mohamed Helmy, External Affairs Manager of DiDi Egypt, said, 'We are committed to continuously improving both rider experience and driver earnings. DiDi Comfort is a reflection of that vision; giving our users more value and peace of mind, while rewarding top-performing drivers with greater opportunities.' For passengers, DiDi Comfort combines affordability with elevated quality, ensuring that premium travel is accessible on a daily basis. Riders can expect professional service, quiet trips, and greater comfort, all at a competitive price point. The service also prioritizes reliability, with carefully selected drivers and better vehicle standards, to ensure that each ride meets consistent quality benchmarks. For drivers, the service opens doors to higher earning potential, especially during peak demand periods. Only drivers with top-tier ratings (4.7 stars or above) and newer-model vehicles are eligible to become part of DiDi Comfort. This selectivity also provides drivers with a sense of professional recognition and access to more frequent trip requests from discerning riders. The launch of DiDi Comfort marks the latest in a series of innovations by DiDi Egypt aimed at enhancing the transportation landscape through technology, safety, and user-centric solutions. It reaffirms the company's commitment to delivering high-quality mobility services that are not only accessible but also attuned to the evolving needs of both riders and drivers in Egypt. About DiDi: DiDi Global Inc. is a leading mobility technology platform. It offers a wide range of app-based services across Asia Pacific, Latin America, and other global markets, including ride-hailing, taxi hailing, designated driving, hitch, and other forms of shared mobility, as well as certain energy and vehicle services, food delivery, and intra-city freight services. DiDi provides car owners, drivers, and delivery partners with flexible work and income opportunities. It is committed to collaborating with policymakers, the taxi industry, the automobile industry, and the communities to solve the world's transportation, environmental, and employment challenges through the use of AI technology and localized smart transportation innovations. DiDi strives to create better life experiences and greater social value, by building a safe, inclusive, and sustainable transportation and local services ecosystem for cities of the future.
The Irish Sun
13-05-2025
- Entertainment
- The Irish Sun
Huge UK rock star reveals his stunning wife is pregnant with twins
A HUGE rocker has revealed that his stunning wife is pregnant with twins. Advertisement 5 Oli Sykes has revealed that he and his wife are expecting twins Credit: instagram/olobersykes/ 5 In a gender reveal video, they found out they are expecting both a boy and a girl Credit: instagram/olobersykes/ 5 Oli is loved up with wife Victoria Credit: Instagram/Olobersykes 5 Oli is known for fronting Bring Me The Horizon Credit: Getty Taking to social media to share a sweet video revealing the happy news , Oli left fans in a frenzy. Oli has been married to Alissic, born Victoria Alissa Salles Silva, since 2017. They met while she was working as a model for his Drop Dead Clothing collection. In the video he shared, both Oli and Victoria could be seen sitting at their dining table with a box each in front of them. Advertisement Read More about Babies Opening the boxes, they each got out a cupcake that would end up revealing the gender of their twins. "Oh my god," Victoria said as she opened her box. "Are you ready?" she asked Oli, to which he said: "Bite it, bite it." Victoria took a bite and then revealed that there was pink sponge inside the first cupcake. Advertisement Most read in Showbiz Oli declared: "We're having a baby girl!" The rocker then opened his box and munched into his cupcake. Bring Me The Horizon perform their hit single Can You Feel My Heart As Oli revealed the colour inside his cake, the pair both screamed loudly. "Oh my god, no f**king way, no f**king way," Oli said as he turned the cupcake around so it was in view of the camera lens. Advertisement Showing off the blue sponge, it was revealed that the pair would be welcoming a baby daughter and a baby son. Victoria then said: "This is crazy!" What are the different types of twins? TWINS are when two children are produced in the same pregnancy. They can be identical or different, and two boys, two girls, or a girl and a boy. Twins are quite rare, but are usually born completely healthy What are the different types of twins? Monozygotic – identical twins ('one cell' twins) Dizygotic – also known as 'fraternal', non identical twins. Babies are no more alike than siblings born at separate times, and they can be the same or different sexes Conjoined twins – identical twins that are joined together. They are extremely rare, and it's estimated they range from one in 49,000 to 189,000 births, although around half are stillborn, and one third die within 24 hours. Can identical twins be two different sexes? Identical twins are always of the same sex because they form from the same fertilised egg that contains either female or male chromosomes. The single egg is divided into two separate embryos, and they occur in about three in every 1000 deliveries worldwide. Therefore, boy/girl twins are always fraternal (or dizygotic), as their chromosomes are either XY (male) or XX (female). What are Di Di twins? Di Di stands for Dichronic Diamniotic, and they are the common type of twins. They have their own amniotic sacs and placenta, so are just sharing the womb of the mother, and are therefore not identical. There are few complications with Di Di twins, so have a good chance of being born completely healthy without intervention from your doctor. Di di twins are more likely to be non-identical than identical. Commenting on the post, one person said: "Congratulations to you both." Another added: "This is the cutest thing I've ever seen CONGRATS." Advertisement "You hit the lottery omg twins and a boy n girl," penned a third. A fourth then wrote: "OMG Oli is going to be a father! Did not expect the news of twins, but congrats to you both." While a fifth said: "OMG I'M FOLLOWING HAPPINESS!!!!! PLEASE BE HEALTHY!!! Congratulations!!!!!!!!!!!" And a sixth added: "So exciting. Best feeling in the world." Advertisement Bring Me the Horizon are a British rock band. They were formed in Sheffield more than 20 years ago in 2004. The group currently consists of lead vocalist Oli, drummer Matt Nicholls, guitarist Lee Malia and bassist Matt Kean. 5 The band was formed in 2004 Credit: Getty Advertisement
Yahoo
06-05-2025
- Business
- Yahoo
DiDi Global: Dirt-cheap, fast-growing with untapped pricing power.
DiDi is by far the largest company operating in the ride-hailing space. Its global peers include Uber (NYSE: UBER), Lyft (NASDAQ: LYFT), Grab (NASDAQ: GRAB), and Bolt. Uber leads the U.S. market, with Lyft as a credible challenger. In China, however, DiDi is the clear and unchallenged leader. The competitive overlap occurs mainly in emerging marketsmost notably Brazil and Mexico. There, Uber and DiDi go head-to-head. Ride-hailing platforms also serve as a mutually trusted intermediary, eliminating drivers' uncertainty about getting paid. For the rider, there is a basic level of assurance that any criminal intent on the part of the driver can and will be noted by the intermediary. These services are valuable to drivers, riders, and society as a whole. The alternative is picking up random strangers from the roadside. At different times during the week, the ride-hailing business is limited by low demand from riders or a shortage of available drivers. Both situations require a platform that efficiently balances supply and demand. Within a given urban agglomeration, network effects and economies of density favor the incumbent. To make a living, drivers need a large number of short rides while minimizing empty/unpaid miles. Drivers have a clear and compelling incentive to join the platform with the most users. The addition of food delivery and intra-city freight services boosts the network effects by helping drivers minimize empty (unpaid) miles and maximizing tips. Users, for their part, want quick and reliable service at a low cost. This will be found on the platform with the most drivers. DiDi offers services including taxi-hailing, food delivery, intra-city freight, financial services, and vehicle services. The company is dominant in China and has a growing market share in Brazil and Mexico. Widely publicized regulatory issues in both the US and China temporarily moderated the company's growth and caused it to delist from the New York Stock Exchange. For investors with a long-term mindset and the willingness to go against the grain, DiDi may be one of the more compellingand underappreciatedopportunities in today's market. Its strategic partnerships, network effects, and economies of scale create real staying power. Risks like potential delisting or changes in labor classification remainbut these affect sentiment and liquidity more than they do the core value of the franchise. The stock price of DiDi Global (OTC: DIDIY) does not reflect the intrinsic value of the business. An assessment of per-user, per driver and per-revenue-dollar value shows shares are worth between four and seven times their current price. Story Continues From a broader societal perspective, ride-hailing platforms do more than just move people around. They create flexible income opportunities for individuals who might otherwise struggle to find formal employment. Including refugees. These platforms also bring a level of accountability and traceability to a previously informal industry, while contributing meaningfully to local tax bases. Valuation In the words of Warren Buffett (Trades, Portfolio), "Price is what you pay, value is what you get." The stock market tells us the price every day, but how does the investor assess the value? First we look at the value from a taxi driver's perspective. In the U.S., running a taxi costs about $250 per day. This includes expenses like insurance, maintenance, fuel (roughly $30), and driver pay (around $130). Considering the added value of a ride-hailing app, the app should be worth at least $250 per month. Without it, drivers might wait 30 minutes at the airport just to pick up a downtown-bound traveleroften returning empty because they can't find another passenger willing to hop into an unknown cab. The other option is cutting a deal with a nearby hotel, which usually comes with its own costs. Either way, $250 is a meaningfulbut manageableslice of their monthly expenses. If the app also brings in food delivery orders, it helps further eliminate empty rides and boosts tips. Drivers can still line up at the airport or work hotel deals if they want. But when things go quiet, they flip on the app and pick up what's available. Yes, they give up 1025% of their fare. That hurts but it beats circling the block hunting for the increasingly rare passenger who hasn't already booked through an app. At that rate, an investor willing to pay $ 20,000 to capture the services of a driver, gets their money back in seven years. This is the bull case for Uber at its current market capitalization of $165 billion. The numbers show that bookings per driver, through Uber, are about $1,650 a month. Uber takes 15-25% of that. On average, Uber drivers are indeed paying about $250 per month for the app. These numbers include a mix of full-time, part-time, and occasional drivers across the ride-hailing, delivery, and freight services. The market offers us a perpetual claim of 20% on the earnings of an Uber driver for $20,000. A claim on the income of a DiDi driver costs $650. Yes, investors in DiDi get the services of thirty drivers for the price of one Uber driver. Drivers are not created equal across markets. In dollar terms, DiDi needs more drivers in China or Brazil to generate the same fees as Uber generates from a single driver in the U.S. or Germany. While there is more to this than meets the eye, it is reflected in DiDi's lower per-driver Gross bookings. Adjusted for the dollar value of driver earnings, investors in DiDi get the benefit of seven drivers for the price of one Uber driver. If the bull case for Uber makes any sense and the owners of Uber do indeed get their money back in seven years, then DiDi owners get their money back in one. That is a bargain. In the words of Charlie Munger, Invert, always invert. In that spirit, I started asking regular ride-hailing users how much money it would take for them to give up their favorite appforever. To my surprise (chalk it up to being a bit out of touch), none of the people who use a ride-hailing app more than once a month were even willing to consider it for less than $500. Most didn't start taking the question seriously until the number hit $1,500. Interestingly, I also found that frequent users tend to keep two apps on hand. They switch between them depending on the situation. Where I live, $500 is about 1% of per-capita GDP. That suggests the franchise value of a regular user in a country like Brazil or China might be closer to $120. For context, in 2024, Grab spent around $1.3 billion on incentives in Indonesia and Malaysia. This brought in 10 million new users. That comes out to $130 per userright in line with what users themselves say the service is worth. Clearly, Grab's management believes that's a price worth paying to win Asian customers. Investors in DiDi today are paying $30 per active user. That is a bargain. DiDi Global: Dirt-cheap, fast-growing with untapped pricing power. We have now looked at the value of the app from both the driver's and the rider's perspective as well as replacement value. All estimates of intrinsic value come with a wide margin of error. Still, each approach points to the same conclusion: DiDi appears to be worth somewhere between four and seven times its current market price. Addressable market and Profitability In China, DiDi's growth strategy hinges on onboarding new drivers in smaller cities where ride-hailing hasn't yet gone mainstream. The company starts by offering the app at little or no cost to both drivers and passengers. Once adoption takes hold, it gradually raises its commissionor "take rate." Chinese regulators don't cap this rate, but they do require transparency. DiDi complies by displaying the commission cut on every ride. Tthe average take rate is 21%about four percentage points lower than Uber or Lyft. So, if the model is so compelling, why are DiDi's reported profits modest? The short answer: Companies like DiDi and Uber spend heavily to capture market share. How much, exactly? Both Uber and DiDi have reported spending 57% of gross transaction value (GTV) on incentives. Grab reported spending $1.3 billion in 2024. That is 7% of its $18 billion GTV. Applying this math to DiDi and backing out 4% of GTV as growth-related expense gives us estimated "run-rate" owner earnings of around $2.2 billion. That's $0.50 per ADR. For context, DiDi added 90 million users in 2024. Allocating $2 billion to growth implies a customer acquisition cost of just $25 per userless than a quarter of what Grab spends. Either my estimate of growth expense is too low and true owner earnings are higher, or DiDi is phenomenally efficient at customer acquisition. According to Robert Vinall, DiDi should be able to raise take-rates to 29%, implying untapped pricing power of roughly 8% relative to current take-rates. Stock Exchange Listings and ADS Structure In June 2021, DiDi Global listed its American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE) under the ticker symbol "DIDI". Each ADS represents four Class A ordinary shares of the company. The ADSs are sponsored by Deutsche Bank Trust Company Americas, which acts as the depositary bank. In a sponsored ADS arrangement, Deutsche Bank manages the issuance, record-keeping, dividend distribution, and investor communications, providing a transparent bridge between DiDi and its U.S. investors. Following regulatory challenges in China, DiDi announced plans to delist from the NYSE and pursue a listing on the Hong Kong Stock Exchange. Currently, DiDi's ADSs trade over-the-counter (OTC) in the United States under the symbol "DIDIY". They are also accessible on several European exchanges, including Frankfurt (ticker: 92S), Berlin, Munich, and Stuttgart. These European listings give investors alternative access to DiDi shares, albeit through the same ADS structure. Risks: Cybersecurity, Regulatory Pressure, Robotaxis and Delisting DiDi presents a strong investment casebut it is not without risks. One concern is the potential for further regulatory pressure. While the stock already trades over-the-counter (OTC), additional political tension could make it harder for American investors to hold shares in Chinese firms. This wouldn't alter DiDi's underlying business, but it could increase volatility and reduce liquidity. That said, the structure behind the ADRs is worth understanding: Deutsche Bank holds the underlying shares directly, and if U.S. regulators push for delisting, the bank can shift the ADRs to Frankfurt or convert them into global depositary receipts (GDRs). That might cause temporary dislocationsome forced selling or halted tradingbut it doesn't change the fundamentals. It's also worth noting that DiDi has announced plans to list in Hong Kong, where there's likely to be stronger institutional demand for Chinese tech. Another area to watch is labor classification. If regulatorseither in China or elsewheredetermine that ride-hailing drivers must be treated as employees instead of contractors, DiDi's costs would rise. That would push up ride prices, but it wouldn't necessarily make the platform less appealing. If anything, it raises the barriers to entry, making DiDi's incumbency even more valuable. Cybersecurity, however, is the big oneand it's rarely discussed in investor circles. In my view, it's the most serious risk to DiDi's long-term value. Think about it: your ride-hailing app knows where you live, what you eat, where you eat when you are not home, when you're out of town and where your spouse sleeps when you are out of town. Imagine having that kind of data on 3,000 members of the Chinese National Congress. You can be sure MI5 would love access to DiDi's logs. Mossad would certainly have an interest in Iran's Snapp data. North Korea's hackers would no doubt target Uber's infrastructure in Washington. The list goes on. The Chinese government recognized this risk early and responded decisively. Many Western investors interpreted the Chinese government's actions as political meddling or part of a broader power struggle. That may or may not be the case but from a purely rational standpoint, the move makes perfect sense. Ride-hailing platforms are critical infrastructure. Their cybersecurity needs to be treated as such. In my view, this is the key risk that could truly threaten the value of the DiDi franchise. Long-term investors should be relieved that the issue has been addressed and that stricter regulations make it even harder for new entrants. Stricter regulations, while troublesome, create greater barriers to entry. Just look at Bolt. Back in 2013, a teenager in Estonia launched a simple ride-hailing app and gave it away to local drivers and riders. It worked. Bolt is now active across Europe and parts of Africa. But imagine a company like Apple trying to do the same thing today. Technically, it's trivial. But once regulators step in and say, Welcome to the world of employment lawyou've just inherited 30 million workers in 100 jurisdictions, the game changes. Tthat's before governments in China or the EU raise concerns about a U.S. company collecting intimate location data on their citizens. What that Estonian teenager pulled off in 2013 would be hard for Tim Cook to replicate today. Autonomous vehicles inevitably come up in any conversation about the future of ride-hailing. While removing the driver changes the cost structure, it doesn't eliminate the need for a platform. You still need a system to manage the sharp swings in supply and demand that occur over the course of a week. And let's not forget the practical challenges: urban residents will not welcome fleets of idle driverless cars clogging parking spaces and adding to congestion. The owners of these vehicles, meanwhile, will still want to maximize their utilization. That coordination function doesn't go away. Management and Major Investors SoftBank, through its Vision Fund, has been a significant investor in the ride-hailing industry, holding stakes in multiple companies such as DiDi, Uber, Grab, and Ola. SoftBank, through its Vision Fund, has long been a major force in the ride-hailing industry, with stakes in DiDi, Uber, Grab, and Ola. It partnered with DiDi to invest $2 billion in Grab, Southeast Asia's leading platform, and was instrumental in DiDi's acquisition of 99 in Brazila move that expanded DiDi's international footprint. Through these interconnected investments, SoftBank has positioned itself as a central player in shaping the future of global mobility. Another noteworthy investor in the region is the Matthews Pacific Tiger Fund (Trades, Portfolio). In recent months, they have been trimming positions in Alibaba and TSMC while increasing their exposure to DiDia telling signal of where they see long-term value. Like many publicly-traded Chinese firms, DiDi employs a dual-class share structure. There are two types of shares: Class A, which carry one vote each and are mostly held by public investors, and Class B, which carry ten votes per share. These are concentrated in the hands of insiders. Cheng Wei, DiDi's founder and chairman, owns a relatively small slice of the company's equitybut thanks to his Class B holdings, he maintains effective control over the company's direction. This setup allows Cheng to block any major changes he disagrees with. Rightly or wrongly, some investors see that as a red flag and apply a China Discount. But through a long-term lens, it also offers continuity and resilience. DiDi can pursue difficult markets, withstand regulatory shocks, and continue investing even during downturnswithout being distracted by the mood swings of the stock market. The facts matter. Cheng Wei has created billions of dollars of value for fellow shareholders under some of the most challenging conditions imaginable. While western investors have created huge swings in the stock price, Cheng has consistently kept his head down and stuck to building the business. Conclusion DiDi's current stock price doesn't reflect its intrinsic value, especially considering its vast user base, strong revenue growth, and dominant position in China. On a per-user, per driver and per-dollar-of-revenue basis, DiDi is a clear bargain. The company's strategic partnerships, network effects, economies of scale, global expansion, strong recovery from regulatory setbacks, and support from heavyweight investors like SoftBank further fortify the investment thesis. Known risks such as potential delisting and regulatory pressure surrounding labor classification may affect the stock price but do not negate the value of the franchise. For investors willing to be patient and think independently, DiDi presents a compelling and overlooked opportunity. Further reading Robert Vinall's letters March 2025 discusses DiDi and other Chinese companies. Ride hailing from the viewpoint of a driver. DiDi reports and presentations. Those are my thoughts. Let me know what you think in the comment section. DiDi Global: Dirt-cheap, fast-growing with untapped pricing power. This article first appeared on GuruFocus.
The Sun
25-04-2025
- Entertainment
- The Sun
Pregnant Jesy Nelson begs fans for help after ‘all we've been through' as she caresses baby bump
PREGNANT Jesy Nelson is encouraging fans to donate to her boyfriend's fundraising page after "all we've been through". The former Little Mix star has endured a difficult pregnancy with twins, having previously revealed one or both of her babies could be at risk of dying because they were "living off one placenta". 1 Her partner Zion Foster, 25, is running the London Marathon on Sunday to raise money for Twins Trust, after discovering their unborn babies have twin-to-twin transfusion syndrome (TTTS). He told Jesy in a new social media video: "You know I'm going to cross that finish line." Jesy replied: "I know you are, I don't have any doubt. "It's for these little babies and all the families who have been through or are going through the stuff we've been through or worse who need the support and help. "This is what we're doing it for. "So come on guys, one last push. If there's anything you can donate. It all adds up. "We appreciate anything. "See you at the finish line." Zion wrote on his Instagram: "Hey guys, in two days i'll be running the London Marathon for @twinstrust 🙏🏽… "Training has been a rollercoaster ride but it's all for an amazing cause and i'm ready to cross that finish line. Jesy Nelson gives pregnancy update from hospital bed and new look at her baby bump after lifesaving surgery "The donation link is in our bios and all money raised will go to the Twins Trust to support them with the amazing work they do for twins, triplets and more!!! "Thank you guys so much for all your donations and see you on Sunday." To donate, click here. What are the different types of twins? TWINS are when two children are produced in the same pregnancy. They can be identical or different, and two boys, two girls, or a girl and a boy. Twins are quite rare, but are usually born completely healthy What are the different types of twins? Monozygotic – identical twins ('one cell' twins) Dizygotic – also known as 'fraternal', non identical twins. Babies are no more alike than siblings born at separate times, and they can be the same or different sexes Conjoined twins – identical twins that are joined together. They are extremely rare, and it's estimated they range from one in 49,000 to 189,000 births, although around half are stillborn, and one third die within 24 hours. Can identical twins be two different sexes? Identical twins are always of the same sex because they form from the same fertilised egg that contains either female or male chromosomes. The single egg is divided into two separate embryos, and they occur in about three in every 1000 deliveries worldwide. Therefore, boy/girl twins are always fraternal (or dizygotic), as their chromosomes are either XY (male) or XX (female). What are Di Di twins? Di Di stands for Dichronic Diamniotic, and they are the common type of twins. They have their own amniotic sacs and placenta, so are just sharing the womb of the mother, and are therefore not identical. There are few complications with Di Di twins, so have a good chance of being born completely healthy without intervention from your doctor. Di di twins are more likely to be non-identical than identical.
