Chinese ride-hailing giant Didi Chuxing denies reports of Beijing government-led investment
- Didi said there was no truth to a Beijing government-led proposal that would give state-run companies control of the firm
- Last month, Didi denied a report about a management reshuffle at the company in the wake of the government’s cybersecurity review
“Foreign media’s claim about Beijing’s municipal government coordinating relevant companies to invest in Didi is untrue,” the company said in a statement published on Weibo on Saturday afternoon.
Shouqi Group – part of the influential Beijing Tourism Group – and other firms based in the nation’s capital would acquire a stake in Didi in the form of a “golden share”, with a board seat and veto power, under a preliminary proposal reported by Bloomberg on Friday, citing people familiar with the matter.