Didi denied a report that it plans to go private a month after its U.S. debut. Changing course would be embarrassing and costly, but it may be the best way to get back in Beijing’s good graces, write mak_robyn and LiamWardProud
- Didi Global, the Chinese ride-hailing company, on July 29 denied a media report that it was considering going private to placate Chinese authorities and compensate investors for losses since its U.S. listing.
- Didi said in a statement that a report that it was considering going private was not true, and that it was “fully cooperating with the relevant government authorities in China in the cybersecurity review”.
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