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Chinese ride-hail giant Didi Chuxing files for IPO

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."

This is a breaking story. Check back for more details.

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Mexican Americans are the US largest Latino group but lack political power for their numbers

Data: Pew Research Center, U.S. Census Bureau; Chart: Michelle McGhee/Axios

Mexican Americans make up the nation's largest Latino group, yet they remain politically outshined by more recently arrived Cuban Americans.

Why it matters: The disparities in political power between Mexican Americans and Cuban Americans reflect the racial, historical, geographical and economic differences within Latino cultures in the U.S.

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Your guide to Congress' certification of Biden's win

There's no doubt about the outcome — Congress will ratify Joe Biden's election win and he'll be sworn in on Jan. 20 — but that won't stop today's political theater that may drag late into the night.

  • Here's our guide to watching the certification debate, with input from legislative aides, historians, election experts and Axios' Ursula Perano.
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