The CEO of Uber Applied sciences Inc. on Tuesday mentioned the corporate was wanting promote stakes in what it considers non-strategic investments in different firms, together with its shares in Chinese language journey hailing firm Didi World .

Talking at a digital hearth chat with a UBS analyst, Chief Govt Dara Khosrowshahi mentioned most of the firms Uber has a stake in have lately gone public and are nonetheless topic to a lock-up interval.

Whereas Khosrowshahi mentioned Uber would proceed to carry some stakes for strategic causes, it was seeking to promote a lot of them, together with in Didi.

“Our Didi stake we do not consider is strategic. They are a competitor, China is a reasonably troublesome atmosphere with little or no transparency,” the Uber CEO mentioned.

Khosrowshahi mentioned the corporate was in no rush to promote the shares. “These sorts of stakes we glance to monetize neatly over time,” he mentioned.

Some traders have grown involved that the roughly $13 billion Uber has tied up in different firms as of the top of the third quarter had been sending the sign that investments had been extra engaging than placing freed-up capital into Uber’s personal operations.

Uber’s stake in Didi drove a $2.4 billion web loss within the third quarter, when the corporate’s operational enterprise achieved profitability on an adjusted earnings foundation for the primary time.

Shares in Didi, which has been rattled by a probe by Chinese language regulators into its knowledge practices, are down round 53 % from their June 30 IPO value.

Beneath stress from Chinese language regulators, Didi earlier this month mentioned it will withdraw from the U.S. inventory trade and pursue a Hong Kong itemizing.

Uber additionally holds stakes in Indian meals supply firm Zomato, rival Southeast-Asian Seize, self-driving firm Aurora Innovation Inc and others.