Forteq Holdings, a subsidiary of electronics giant Foxconn, announced on the evening of September 8 that it will invest $119.9 million (about 800 million yuan) in Didi's trip and will hold 0.355% of the shares. This is the latest investment by major multinational technology companies. In May of this year, Didi just got a $1 billion strategic investment from Apple, and once again won the favor of industry giants four months later.
It is understood that Foxconn subsidiary Hongzhun Precision Mould Co., Ltd. is mainly engaged in the design and manufacture of precision molds and mobile phones, computers and other products, Apple computers, MP3, Notebook, mobile phones, LCD backlight modules, optical fiber communication connectors, etc. , communications, consumer electronics manufacturers provide products and services.
Although the two sides did not disclose the purpose of the investment case, the industry generally believes that Foxconn's move is not a pure financial investment. In May of this year, Apple invested 1 billion US dollars in Didi, Foxconn as Apple's long-term partner, choose to invest in the Didi accused or related to Apple's investment. Like Apple, Foxconn has a strong interest in the automotive-related market and has already entered into the field of new energy vehicles with Tencent. In the context of the saturation of the global smartphone market, Foxconn and Apple are all trying to seek development in markets such as the automotive sector.
Relevant information shows that Didi has been acquired by major industry investors such as Tencent, Ali, Apple, China Merchants Bank, Life Insurance, Poly Real Estate and Foxconn. It is worth noting that according to Foxconn's investment amount and shareholding ratio, Didi currently has a valuation of more than US$33 billion. This is in line with the industry's valuation of US$35 billion for the merger company when it merged with Uber at the beginning of last month. Almost the same.
A month ago, Didi announced the acquisition of Uber China business. Uber China, which once gave the biggest pressure on the company, turned into a person. After the two sides reached a strategic agreement, Didi Travel and Uber Global will hold each other and become the minority shareholder. shareholder. Uber Global will hold a 5.89% stake in the company, which is equivalent to 17.7% of the economic interest. The remaining Chinese shareholders of Uber China will receive a total of 2.3% of the economic interest. Didi has thus become the only company jointly invested by Tencent, Alibaba and Baidu.
At the same time, Cheng Wei, founder and chairman of Didi Travel, will join the Uber Global Board of Directors. Uber founder Travis Kalanick will also join the Didi travel board. After the merger with Uber, Drip further consolidated the status of the domestic travel industry leader. At present, Didi's main competitors, Shenzhou Special Car, Easy Access, and First Car, are all very different.
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