DiDi Fell 5% as Tencent Says Hasn’t Bought More DiDi Shares Since its U.S. IPO

Tiger Newspress2022-02-11

DiDi fell 5% as Tencent says hasn’t bought more DiDi shares since its U.S. IPO.Tencent Holdings Ltd. said it hasn’t bought shares in Didi Global Inc. since it went public, after a U.S. regulatory filing showing an increased stake sent shares of the Chinese ride-hailing company soaring almost 9%.

Tencent said in a filing Thursday it had added about 1.8 million Didi Class A ordinary shares to its last-known holdings. The social media giant subscribed to the additional stock during Didi’s initial public offering, which was not previously disclosed, a Tencent spokeswoman said Friday in an email. Tencent, which operates the WeChat messaging platform, had not acquired more stock in Didi since its debut, the spokesperson added.

Tencent’s ownership of Didi’s Class A shares stood at 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.

Comments

  • SCLIEW
    2022-02-12
    SCLIEW
    666
  • tkj
    2022-02-11
    tkj
    Tencent, the sabo king.....😡
  • BlueDaisy
    2022-02-11
    BlueDaisy
    Beware of fake speculation. 
  • JorKo
    2022-02-11
    JorKo
    Great ariticle, would you like to share it?
  • JorKo
    2022-02-11
    JorKo
    Like
  • Yinse86
    2022-02-11
    Yinse86
    [Smile] 
Leave a comment
18