The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Explained: How China plans to take DiDi under state control

September 4, 2021
Source: cnbctv18.com cnbctv18.com
News Snapshot:
China may soon be taking the driver's seat at the popular ride-sharing app DiDi. The Beijing municipal government has proposed a large investment to get a stake in DiDi Global Inc, reported Bloomberg. The investment will see the Chinese authorities firmly in control of DiDi after purchasing stakes via a consortium controlled by Beijing . . What is the investment? Reports suggest that Shouqi Group, along with several other government-controlled companies in the Chinese capital will be investing in DiDi Global through a consortium vehicle. The resulting arrangement may see the consortium ending up with a ‘golden share,’ one that...
GO TO ORIGINAL SOURCE →
China Tech Buzz Topics: Alibaba | app | Beijing | Bloomberg | board of directors | Business | ByteDance | capital | Cheng Wei | China | Chinese | communism | communist | education | investment | ipo | Jack Ma | New York | online shopping | online video | stock market | technology | tourism | travel | Xi Jinping

Other News:

US Announces Civilian Nuclear Deal With Saudi Arabia

July 23, 2026
deccanchronicle.com deccanchronicle.com

FAR bonds lose their pull as tailwinds fade

July 23, 2026
economictimes.indiatimes.com economictimes.indiatimes.com

Ascletis Announces Oral Discussion of ASC36_35 FDC Preclinical Data Demonstrating Superior Weight Loss to Eloralintide/Tirzepatide Combination at the 62nd European Association for the Study of Diabete

July 23, 2026
manilatimes.net manilatimes.net

Nearly 200 Silicon Valley startups urge Trump not to ban Chinese AI models, warn it could kill innovation

July 23, 2026
techstartups.com techstartups.com

US announces civilian nuclear deal with Saudi Arabia

July 23, 2026
manilatimes.net manilatimes.net

Banker urges building up seaports

July 23, 2026
bangkokpost.com bangkokpost.com

Xpeng says Tesla, not BYD, is its real rival

July 23, 2026
7news.com.au 7news.com.au

Northrim BanCorp Earns $15.3 Million, or $0.68 Per Diluted Share, in Second Quarter 2026

July 23, 2026
manilatimes.net manilatimes.net

FCC votes to bar sales of devices with parts from Chinese firms posing risks

July 23, 2026
thestar.com.my thestar.com.my
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2026 ChinaTechNews.com. A Service of Asia Media Network.