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Ride-Hailing Company Didi Could Cede Control to City of Beijing

September 4, 2021
Source: findaily.pro findaily.pro
News Snapshot:
On the heels of a crackdown on ride-hailing companies in China, Beijing’s local government has suggested investing in Didi Global Inc. to wrestle control away from the company, according to a Friday (Sept. 3) Bloomberg report. As part of the exploration, Shouqi Group, which is part of the Beijing Tourism Group, would join other companies based in the capital in purchasing a stake in Didi. The report did not disclose how large of an ownership stake is being sought. Friday’s news follows this week’s PYMNTS report that Didi and other ride-hailing companies in China are at the center of a...
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Tags: app | Beijing | Bloomberg | capital | car | China | crackdown | data | Didi | government | market share | Meituan | news | profit | report | ride-hailing | Seek | share | tourism

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