China's Didi touts tech spending ahead of Wall St debut
https://apnews.com/892017a21181bc873a4e4599a6b30b0f
BEIJING (AP) — Chinese ride-hailing service Didi says it lost $5.5 billion over the past three years ahead of its U.S. stock market debut Wednesday but it's highlighting its global reach and investments in developing electric and self-driving cars.
The Beijing-headquartered company operates in 16 countries but almost 90% of the 493 million customers who used the service at least once in the past year are in China.