Tencent Increases Stake in Chinese Ride-Hailing Giant Didi But Shares Drop After Initial Pop

Tencent’s growing share in Didi stands in contrast to its recent decisions to pare back stakes in companies.

However, shares of Didi were down around 5% in pre-market trade on Thursday.

Tencent added about 1.78 million Class A Ordinary shares at the end of last year, according to a regulatory filing published Wednesday. That has brought Tencent's stake in Didi to 7.4% as of Dec. 31, up from 6.8% at the time of the ride-hailing firm's disastrous initial public offering in June. Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators. Days after its IPO, China's cyberspace regulatorIn December, Didi said it wouldTencent's growing share in Didi also stands in contrast to its recent decisions to pare back stakes in companies. Last month, Tencent

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

nbcchicago /  🏆 545. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

UN approves NFT standards initiative led by TencentAccording to state-owned local media, the UN has approved Chinese companies Tencent and Ant Group to work on the first technical and security framework for NFTs.
Les mer »

Affirm Stock Plunges 21% After a Slip of the TweetA Twitter slip-up sent Affirm's shares on a wild ride that ended with the buy-now-pay-later company’s worst one-day drop on record
Les mer »

Singapore’s Anthony Chen Finishes Shooting his First Mainland Chinese Movie ‘The Breaking Ice (EXCLUSIVE)Singaporean filmmaker Anthony Chen has wrapped shooting of his first Mainland Chinese feature “The Breaking Ice.” Hailed as one of Asia’s brightest young directors, Chen competed …
Les mer »

Twitter Investors Decide To Ignore Drop In Quarterly ProfitThe social media company's shares rose in pre-market trading as shareholders seemed to focus on increased sales and users.
Les mer »

Twitter Investors Decide To Ignore Drop In Quarterly ProfitThe social media company's shares rose in pre-market trading as shareholders seemed to focus on increased sales and users.
Les mer »