Didi Global denied a media report that the ride-hailing company is going private. The Wall Street Journal had said that the Chinese company could go private to placate Chinese authorities
on Thursday denied a media report that the company was considering going private to placate Chinese authorities and compensate investor losses since it listed in the United States.
"The company affirms that the above information is not true," it said, in reference to the report. "The company is fully cooperating with the relevant government authorities in China in the cybersecurity review of the company." The action against Didi came close on the heels of a month-long regulatory crackdown on China's massive internet sector for antitrust, customer data privacy and other violations, which has rattled investors.
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