Fresh off the back of a $1 billion USD injection from Apple, Didi Chuxing is now considering a 2017 IPO, according to sources who spoke to Bloomberg.

The Chinese ride-hailing giant is eying a New York listing as soon as next year in a bid to outpace Uber, their top global competitor, said the source. Didi is in the process of sealing a $3 billion USD round which could value the company at around $26 billion USD.

Didi Chuxing “does’t have any such plan or schedule,” according to a statement from the company today referring to the IPO rumors.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com