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Uber China Rival Didi to Consider U.S. IPO as Soon as 2017

Apple Inc. may not need to wait that long before it reaps the benefits of investing $1 billion in Chinese car-hailing service Didi Chuxing.

Didi is targeting an initial public offering in New York next year, according to people familiar with the matter. The timing will depend on how its battle with Uber Technologies Inc. in China plays out, said the people, who requested not to be named because the matter is private. Such a move may put the Chinese app ahead of its U.S. rival in going public, with Uber having said it wants to hold off as long as possible.

China’s biggest ride-hailing app is in the process of raising about $3 billion of funding, including Apple’s $1 billion contribution, which has swelled the company’s valuation to about $26 billion, people familiar have said. Didi, already backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd., has reached break even in...


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