Uber Technologies Inc. (Uber), the global taxi software giant, is seeking to sell part of its $6.3 billion stake in didi travel, according to a report on Sept. Uber has started selling some of its investments to boost its share price, according to people familiar with the matter. Uber closed at $37.66 on Wednesday, well below the IPO price of $45 in May 2019. Dara khosrowshahi, Uber’s chief executive, is in discussions with didi and Softbank group, according to the report. Softbank is a joint shareholder of Uber and didi. There are multiple options under discussion, such as Softbank’s ability to work with other investors to acquire Uber’s stake. One person said didi was unlikely to buy its own stake.
in August 2016, China announced a strategic agreement with Uber world, and all the assets of its brand, business and data are operating in Chinese mainland. After the transaction, Didi travel and Uber global will hold shares in each other and become minority shareholders of each other. < p > < p > the sale of Didi’s stake is Uber’s latest divestiture, which aims to consolidate its existing operations and abandon its ambition to expand globally, according to the news agency. This month, Uber agreed to sell its freight operations in Europe and a stake in yandex, a Russian Internet company. According to sources, Uber is still negotiating to sell part of its stake in grab, a Southeast Asian taxi Hailing software. According to Uber’s financial report for the second quarter of fiscal year 2020 released in August, the company’s second quarter revenue was $2.241 billion, down 29% from a year earlier. Among them, the travel business was hit hard in this quarter, with a year-on-year decrease of 67% to US $790 million; the income of delivery business increased by 103% to US $1211 million; the revenue of freight business increased by 27% to US $211 million. < / P > < p > compared with Uber’s contraction, Didi has expanded its internationalization this year and announced its entry into the Russian market in August. In Uber’s 2019 annual report, Uber said didi was currently competing with Uber in Latin America and Australia. Global Tech