Briefing
asia

China’s State-Owned Automaker Mulls Investment in Didi Global

By
Juro Osawa
· · Source: Bloomberg

China’s state-owned automaker FAW Group is considering buying a substantial stake in troubled ride-hailing giant Didi Global, Bloomberg reported. The possible investment comes as Didi continues to grapple with the Chinese government’s intense scrutiny. Didi, which went public in the U.S. last June against the wishes of China’s top internet regulator, faced major setbacks as Beijing launched a...

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