Beijing proposes investment in ride-hailing giant Didi
By Iain Gilbert
Date: Tuesday 26 Oct 2021
(Sharecast News) - Beijing has proposed an investment that would see it take control of Didi Global, China's largest ride-hailing firm.
As part of the preliminary proposal, Shouqi Group, part of the Beijing Tourism Group, and other companies located in the Chinese capital will pick up a stake in Didi, according to Bloomberg, who cited people close to the matter.
Potential scenarios under consideration would also see the consortium take a "golden share", with veto power and a board seat.
However, it was unclear as to just how large a stake Beijing was considering and whether or not its proposal would even be approved by senior government officials.
As of 1340 BST, Didi shares were up 6.13% in pre-market at $9.35 each.
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