Didi Shares Climb as Tencent Boosts Stake in Chinese Ride-Hailing Giant
Bloomberg2022-02-11
- Tencent increases Didi ownership to 7.4% from 6.4% previously
- Didi rises 8.8% on Thursday for fourth straight day of gains
Didi Global Inc. shares got a shot in the arm after one of its largest shareholders increased its stake in the company.
Shares of the Chinese ride-hailing firm rose 8.8% Thursday, their fourth straight day of gains, after a regulatory filing showed that Tencent Holdings Ltd.added about 1.8 million Class A ordinary shares to its holdings. The move raises Tencent’s total ownership of Didi to 7.4% as of Dec. 31, up from the 6.4% that had been disclosed ahead of its June initial public offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
