Asian Tech Press (Dec 16) -- Uber is considering selling some non-strategic investments in other companies, including Chinese ride-hailing company DiDi Global (NYSE: DIDI).

Uber's CEO Dara Khosrowshahi said, "DiDi is a competitor of ours. We don't think it makes strategic sense for us to hold a stake in DiDi." However, Uber is not in a hurry to sell its stake, and it hopes to monetize these shares over time smartly.

At the end of the third quarter of this year, Uber had about $13.1 billion invested in other companies, including $4.1 billion invested in DiDi.

In the third quarter, Uber's operations were profitable for the first time on an adjusted earnings basis, but the company's holdings in DiDi resulted in a net loss of $2.4 billion. Currently, DiDI's share price has fallen about 53 percent from the price of its initial public offering (IPO) on June 30.