November 30, 2021

Chinese Ride-Hailing Giant Didi Could Get State Investment – The Wall Street Journal

Chinese state investors are looking to take an ownership stake in ride-hailing giant Didi Global Inc., months after regulators punished the company with restrictions and made it one of the highest-profile casualties of China’s toughening stance on tech.

The municipal government in Beijing is coordinating a proposed investment by a consortium of state-backed companies that includes a competing ride-hailing service, a person familiar with the matter said.