Home / Companies / News / Chinese ride-hailing giant Didi could get state investment

Chinese ride-hailing giant Didi could get state investment

China is moving into internet-content companies by acquiring stakes, filling board seats and sending dedicated regulators to police content at firms more frequently. (Photo: Reuters) — China is moving into internet-content companies by acquiring stakes, filling board seats and sending dedicated regulators to police content at firms more frequently. **(Photo: Reuters)**

3 min read . Updated: 04 Sep 2021, 09:34 PM IST Quentin Webb, The Wall Street Journal

Deal could give Chinese authorities more leverage at company

Chinese state investors are looking to take an ownership stake in ride-hailing giant Didi Global Inc., months after regulators punished the company with restrictions and made it one of the highest-profile casualties of China’s toughening stance on tech.