DiDi (DIDI +6.9%) shares climbed more than 7% in the wake of the company saying over the weekend that the Beijing city government wasn't looking at buying a stake in what is often called "The Uber of China". Reports that the city of Beijing wanted to acquire a piece of DiDi (DIDI) surfaced last week, but the company said there was no basis for such reports, and that it was working with Chinese officials who are conducting a cybersecurity of its operations.
With that, look forward to have the share price continue to rise....
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.
