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Didi denies reports that China is coordinating companies to invest there

News Snapshot:

Chinese giant Didi Global said on Saturday that media reporting that the Beijing city government was coordinating companies to invest in it was not correct. “Didi is currently actively and fully cooperating with the cybersecurity investigation, foreign media reports that the Beijing city government is coordinating companies to invest in it are incorrect,” he said on Weibo. Bloomberg News reported on Friday, citing unidentified people familiar with the matter, that the Chinese capital was considering bringing Didi under state control and had proposed that government-run companies invest in it. According to the preliminary proposal, some Beijing-based companies, including the Shouqi…

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