Temasek, Tiger Global, others took big stakes in Didi just before Chinese probe

REUTERS/Carlos Jasso

Well-known hedge funds made big bets on Didi Global Inc, which went public in June just before Chinese regulators announced a probe of the ride-hailing company and its share price plummeted, new filings showed.

Singapore’s state fund Temasek bought 33 million American Depository Receipts (ADRs) in Didi, while T. Rowe Associates bought 10.2 million ADRs in the Chinese company, the filings through June 30 showed on Friday.

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