Didi denies reports that Beijing city is coordinating firms to invest in it

Didi’s shares are trading 14.5% below the U.S. IPO price.

China’s ride hailing giant Didi Global Inc said on Saturday that media reports that the Beijing city government is coordinating companies to invest in it are not correct.

Didi is currently actively and fully cooperating with cybersecurity probe, foreign media reports that Beijing city government is coordinating companies to invest in it are incorrect,” it said on Weibo.

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