Chinese ride-hail company Didi Chuxing filed for an initial public offering on Thursday.

Why it matters: Didi is not only known as the Uber of China, but actually beat Uber in the country and bought out its business there.

Financials: The company reports a $1.7 billion loss on $21.6 billion in revenue for 2020.

• It plans to list on either the New York Stock Exchange or Nasdaq under ticker symbol "DIDI."

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