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Benzinga
Benzinga
Business
Henry Khederian

DARK SECRETS: Why didi global shares are rising | Vintage Vibes

DiDi Global Inc NYSE Tencent Tencent Holdings Limited

DiDi Global Inc - ADR (NYSE:DIDI) shares are trading higher after Tencent Holdings Limited raised its stake in DiDi from 6.4% to 7.4%.

Bloomberg cited Brendan Ahern, Chief Investment Officer at Krane Funds Advisors LLC Thursday morning, who said: “The increased stake indicates Tencent’s confidence in DiDi, while providing another indication that China’s Internet regulatory cycle is likely over".

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