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Beijing city denies report of proposing govt-led investment in DiDi
short by Aishwarya Awasthi / on Tuesday, 7 September, 2021
The Beijing municipal government has denied a report which said it had proposed state-backed firms' investment in DiDi Global to bring it under state control. "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 government said.
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