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Beijing denies encouraging businesses to invest in Didi

News Snapshot:

September 6, 2021 Beijing (Reuters) -China’s Beijing Municipal Government advises state-owned enterprises to invest in confused ride-hailing giant Didi Global Inc, the city government faxes to Reuters Stated. Bloomberg News on Friday reports that the Chinese capital is considering putting Didi under state control, citing unknown sources, and government-run companies will invest in Didi. Proposed that. Diddy announced his own denial of the report on Saturday. Beijing-based Diddy completed its initial public offering in New York in June, but has cracked down on regulations on Chinese tech companies over the past year to improve market competition, data processing, and employee…

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