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Beijing city denies it is advising companies to invest in Didi

September 7, 2021
Source: upnewsinfo.com upnewsinfo.com
News Snapshot:
© Reuters. FILE PHOTO: A sign of Chinese ride-hailing service Didi is seen on its headquarters in Beijing, China July 5, 2021. REUTERS/Tingshu Wang BEIJING (Reuters) – Reports that China’s Beijing city government is advising state-owned companies to invest in embattled ride-hailing giant Didi Global Inc are untrue, the city government told Reuters in a faxed statement. Citing unidentified sources, Bloomberg News on Friday reported that China’s capital city is considering taking Didi under state control and has proposed that government-run companies invest in Didi. Didi had issued its own denial of the report on Saturday. Beijing-based Didi completed a...
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