Didi Shares Climb as Tencent Boosts Stake in Chinese Ride-Hailing Giant
- Tencent added 1.8 million Class A Didi shares, filing shows
- Didi rose 8.8% on Thursday for fourth straight day of gains
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Tencent Holdings Ltd. added 1.8 million Class A ordinary shares of Didi Global Inc. during the initial public offering of the ride-hailing company.
The Chinese company owned 78.85 million of Didi’s Class A shares as of Dec. 31, up from 77.07 million shares disclosed at the time of the IPO, a U.S. regulatory filing showed on Thursday. The move raises Tencent’s total ownership of Didi’s Class A shares to 7.4% as of Dec. 31. Didi’s shares listed in the U.S. closed 8.8% higher Thursday.