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Chinese ride-hailing giant Didi Chuxing denies reports of Beijing government-led investment

September 4, 2021
Source: scmp.com scmp.com
News Snapshot:
Didi Chuxing , the world’s largest ride-hailing company, has denied various media reports that the Beijing municipal government is leading a proposal to invest in the company that will put it under state control. “Foreign media’s claim about Beijing’s municipal government coordinating relevant companies to invest in Didi is untrue,” the company said in a statement published on Weibo on Saturday afternoon. Shouqi Group – part of the influential Beijing Tourism Group – and other firms based in the nation’s capital would acquire a stake in Didi in the form of a “golden share”, with a board seat and veto...
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