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Beijing city seeks to bring Didi under state control

September 4, 2021
Source: eminetra.co.za eminetra.co.za
News Snapshot:
An anonymous reader quotes a Bloomberg report: The Beijing municipal government has proposed an investment in Didi Global Inc. which [would give state-owned companies control of the world’s largest ridesharing company](//www.bloomberg.com/news/articles/2021-09-03/beijing-s-city-government-seeks-to-take-didi-under-state-control) , according to people familiar with the matter. According to the preliminary proposal, the Shouqi Group – which is part of Beijing’s influential tourism group – and other companies based in the capital would acquire a stake in Didi, the people said, asking not to be identified for discussion. private information. Scenarios under consideration include the consortium taking a “golden stake” with veto power and a seat on the...
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Tags: Beijing | Bloomberg | capital | Didi | government | investment | news | power | report | tourism

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