Bloomberg News had reported that the municipal government proposed that Shouqi Group and another firm based in Beijing would acquire a stake in Didi. - Reuters
BEIJING (Bloomberg): The Beijing municipal government denied a report it had proposed an investment in Didi Global Inc. that could put the Chinese ride-sharing giant under state control and keep its assets within the Chinese capital.
"After looking into the matter with related parties, the matter of ‘Beijing state-backed firms investing in Didi’ and ‘Shouqi Group teaming up with other state-backed firms to invest in Didi’ is untrue,” the municipal government’s press office said in a statement e-mailed to Bloomberg News, without further elaboration.
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