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Chinese Ride-Hailing Giant Didi Could Get State Investment – The Wall Street Journal

September 5, 2021
Source: canadanewsmedia.ca canadanewsmedia.ca
News Snapshot:
Chinese state investors are looking to take an ownership stake in ride-hailing giant Didi Global Inc., months after regulators punished the company with restrictions and made it one of the highest-profile casualties of China’s toughening stance on tech. The municipal government in Beijing is coordinating a proposed investment by a consortium of state-backed companies that includes a competing ride-hailing service, a person familiar with the matter said. The state investors are seeking voting rights in Didi, a second person said, because that would give the government significant influence over matters like data and other major corporate decisions. The deal could...
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