The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Chinese automaker FAW Group considers buying stake in Didi Global – Bloomberg News | Euronews

News Snapshot:

-China’s FAW Group is considering acquiring a significant stake in Didi Global Inc, Bloomberg News reported on Friday, days after the ride-hailing giant received shareholders’ nod to delist from the U.S. in an attempt to appease Chinese regulators. The state-owned automaker has reached out to Didi’s top executives and expressed its interest in becoming a major shareholder in the firm, the report https://bloom.bg/38n7Gtm said, citing sources. U.S.-listed shares of Didi were up about 9.2% at $2.02 during early premarket hours. Didi has struggled to bring its business back to normal after angering Chinese regulators by pushing ahead with its $4.4…

Other China Tech Buzz: