Didi Chuxing to invest $1 billion in auto services

Tinuku - Didi Chuxing, China's largest ride-hailing service, said on Monday it will invest US$1 billion in its auto services business as part of a wider rebranding of the unit. Didi's services business, which includes auto leasing, car maintenance and gas station services, has annualised sales of 60 billion yuan (US$8.79 billion), the company added.

Kevin Chen, who heads the unit that has been rebranded as 'Xiaoju' said building on service to 30 million DiDi drivers will strive to develop a leading one-stop auto service platform capable of winning the highest trust of car users.

Tinuku Didi Chuxing to invest $1 billion in auto services

It comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year, according to people familiar with the plans.