Uber to Sell Didi Stakes Due to Difficult Transparency Environment

Didi Stake is Not Strategic According to Uber CEO


Teckwai Saw

16 Dec, 2021

Uber to Sell Didi Stakes Due to Difficult Transparency Environment | BEAMSTART News

- From our Sponsors -

Dara Khosrowshahi, CEO of Uber announced that the company was looking to sell stakes in non-strategic assets including its holding in Chinese ride hailing company Didi Global Inc.

"Our Didi stake we don't believe is strategic. They're a competitor, China is a pretty difficult environment with very little transparency," Khosrowshahi mentioned at a virtual fireside chat with a UBS analyst.

Latest Jobs

Social Media Manager

Clipboard Health

Full Time

USD 100000 — USD 125000 yearly

Software Engineer (Full-stack)

kapa.ai

Full Time

USD 100000 — USD 150000 yearly

Product Manager

SPRX

New York,

Full Time

USD 140000 — USD 180000 yearly

Founders Associate

Venta AI

Bavaria,

Full Time

USD 60000 — USD 70000 yearly

Founding Engineer

Zaymo

Utah,

Full Time

USD 80000 — USD 180000 yearly

Backend/AI Engineer

GovEagle

New York,

Full Time

USD 120000 — USD 200000 yearly

Data Analyst

Camber

New York,

Full Time

USD 140000 — USD 170000 yearly

Uber profit but Didi still stalling

It is reported that Uber's operational business last quarter achieved profitability on an adjusted earnings basis for the first time.

As for its Didi stake, it recorded a $2.4 billion net loss in the third quarter.

Moreover, under heavy pressure from Chinese regulators, Didi said it would be delisting from the US stock exchange and pursue a Hong Kong listing instead earlier this month.

- Featured Sponsor -

Uber in no rush to sell though

However, Khosrowshahi said Uber is in no rush to sell the shares as they are looking to monetize those kinds of stakes smartly over time.

As of a filing in June by Didi, Uber owns 12.8% of Didi.

Didi and Uber, both backed by Japanese conglomerate Softbank, struck a deal in 2016 after Uber failed to create a significant presence in the Chinese market due to fierce competition from Didi.

In the end, Uber sold its China business to Didi in exchange for equity.

- From our Sponsors -

Latest Jobs

Senior Software Engineer

Strac

Texas,

Full Time

USD 110000 — USD 160000 yearly

Senior/Staff Fullstack Engineer

WarpBuild

Full Time

USD 3000000 — USD 6000000 yearly

Backend Engineer (Reporting team)

HockeyStack

California,

Full Time

USD 160000 — USD 200000 yearly

Insurance Products Lead

Corgi

California,

Full Time

USD 130000 — USD 160000 yearly

Founding Product Designer

AviaryAI

New York,

Full Time

USD 80000 — USD 115000 yearly

Mid Market Account Executive

Prodigal

California,

Full Time

USD 200000 — USD 280000 yearly

Frontend Engineering Intern

vly.ai

California,

Internship

USD 5200 — USD 8700 yearly

Summer Software Engineering Intern (now and Summer 2026)

Browser Use

California,

Internship

USD 6000 — USD 16000 yearly

Account Executive/GTM

Solve Intelligence

England,

Full Time

USD 100000 — USD 200000 yearly

ML Research Engineer

Zoa Research

New York,

Full Time

USD 150000 — USD 300000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).