Type to search

Didi Global Mulls Going Private to Placate Regulators, Investors: WSJ
The logo of Chinese ride-hailing service Didi is seen on its headquarters in Beijing on July 5, 2021. Photo: Tingshu Wang/ Reuters.

 

Ride-hailing giant Didi Global is considering going private as it mulls ways to assuage regulators who cracked down on the company, and compensate investors for losses after its US listing, the Wall Street Journal reported, citing people familiar with the matter.

A preliminary option being considered is a deal to take the company private that would involve a tender offer for its publicly traded shares, the report said. Didi later said in a statement that the WSJ report was not true, Reuters reported. Full story: Wall Street Journal

ALSO ON AF:

Winners and Losers From China’s Sweeping Crackdown on Big Tech

This story was updated to add a category and Didi’s denial.

Kevin Hamlin

Kevin Hamlin is a financial journalist with more than 40 years of experience covering Asia. Before joining Asia Financial, Kevin worked for Bloomberg News, spending 12 years as Senior China Economy Reporter in Beijing. Prior to that, he was Asia Bureau Chief of Institutional Investor for ten years.

AF China Bond