Beijing denies advising companies to invest in Didi

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The government of the Chinese city of Beijing, in a faxed statement seen by Reuters, has denied reports that she is advising state-owned companies to invest in embattled ride-hailing giant Didi Global Inc.

Citing unidentified sources, Bloomberg News on Friday reported that China’s capital city is considering taking Didi under state control and has proposed that government-run companies invest in Didi.

Didi had issued its own denial of the report on Saturday.

Didi is controlled by the management team of co-founder Will Cheng and President Jean Liu.

SoftBank Group Corp, Uber Technologies Inc and Alibaba are among investors in the company.


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