Didi Denies Media Reports of Government-led Investment

(Bloomberg) — China tech giant Didi Global Inc. said media reports about a Beijing municipal government-led investment in the firm are untrue. 

The world’s largest ride-hailing company is actively cooperating with regulators on a cybersecurity review, Didi said in a statement released on social media platform Weibo Saturday. 

Bloomberg News reported that the Beijing government has proposed an investment in Didi that would give state-run firms control of the company, citing people familiar with the matter.

(Updates statement details in first and second paragraphs)

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