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China's Didi Chuxing prepares US IPO

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Chinese ride-hailing company Didi Chuxing Technology Co. is preparing for an initial public offering in the United States.

The company made its IPO papers public on Thursday. It could fetch a valuation of up to $70 billion.

Didi is seeking to invest in technology and grow its business outside of China.

Read more from The Wall Street Journal.

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