<p>The CEO of Uber Technologies Inc on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Chinese ride hailing company Didi Global .</p>.<p>Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/now-you-can-book-your-uber-ride-via-whatsapp-1056789.html" target="_blank">Now, you can book your Uber ride via WhatsApp</a></strong></p>.<p>While Khosrowshahi said Uber would continue to hold some stakes for strategic reasons, it was looking to sell many of them, including in Didi.</p>.<p>"Our Didi stake we don't believe is strategic. They're a competitor, China is a pretty difficult environment with very little transparency," the Uber CEO said.</p>.<p>Khosrowshahi said the company was in no rush to sell the shares. "Those kinds of stakes we look to monetize smartly over time," he said.</p>.<p>Some investors have grown concerned that the roughly $13 billion Uber has tied up in other companies as of the end of the third quarter were sending the signal that investments were more attractive than putting freed-up capital into Uber's own operations.</p>.<p>Uber's stake in Didi drove a $2.4 billion net loss in the third quarter, when the company's operational business achieved profitability on an adjusted earnings basis for the first time.</p>.<p>Shares in Didi, which has been rattled by a probe by Chinese regulators into its data practices, are down around 53% from their June 30 IPO price.</p>.<p>Under pressure from Chinese regulators, Didi earlier this month said it would withdraw from the U.S. stock exchange and pursue a Hong Kong listing.</p>.<p>Uber also holds stakes in Indian food delivery company Zomato, rival Southeast-Asian Grab, self-driving company Aurora Innovation Inc and others.</p>.<p><strong>Check out DH's latest videos:</strong></p>
<p>The CEO of Uber Technologies Inc on Tuesday said the company was looking sell stakes in what it considers non-strategic investments in other companies, including its shares in Chinese ride hailing company Didi Global .</p>.<p>Speaking at a virtual fireside chat with a UBS analyst, Chief Executive Dara Khosrowshahi said many of the companies Uber has a stake in have recently gone public and are still subject to a lock-up period.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/technology/now-you-can-book-your-uber-ride-via-whatsapp-1056789.html" target="_blank">Now, you can book your Uber ride via WhatsApp</a></strong></p>.<p>While Khosrowshahi said Uber would continue to hold some stakes for strategic reasons, it was looking to sell many of them, including in Didi.</p>.<p>"Our Didi stake we don't believe is strategic. They're a competitor, China is a pretty difficult environment with very little transparency," the Uber CEO said.</p>.<p>Khosrowshahi said the company was in no rush to sell the shares. "Those kinds of stakes we look to monetize smartly over time," he said.</p>.<p>Some investors have grown concerned that the roughly $13 billion Uber has tied up in other companies as of the end of the third quarter were sending the signal that investments were more attractive than putting freed-up capital into Uber's own operations.</p>.<p>Uber's stake in Didi drove a $2.4 billion net loss in the third quarter, when the company's operational business achieved profitability on an adjusted earnings basis for the first time.</p>.<p>Shares in Didi, which has been rattled by a probe by Chinese regulators into its data practices, are down around 53% from their June 30 IPO price.</p>.<p>Under pressure from Chinese regulators, Didi earlier this month said it would withdraw from the U.S. stock exchange and pursue a Hong Kong listing.</p>.<p>Uber also holds stakes in Indian food delivery company Zomato, rival Southeast-Asian Grab, self-driving company Aurora Innovation Inc and others.</p>.<p><strong>Check out DH's latest videos:</strong></p>