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Didi jumps 14% this week amid report of Chinese government taking it over

September 4, 2021
Source: mbn.media mbn.media
News Snapshot:
Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubled ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies based in the city would invest in Didi under the early-stage proposal pending government approval, Bloomberg News reported, citing people familiar with the matter. The group could also take a so-called golden share with veto power and a board seat to gain control over Didi, the report said. Didi,...
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