Tencent Says Hasn’t Bought More Didi Shares Since U.S. IPO
- Tencent’s ownership of Didi Class A shares was up to 7.4%
- WeChat operator acquired previously undisclosed shares via IPO
The Didi app.
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Tencent Holdings Ltd. said it hasn’t bought shares in Didi Global Inc. since it went public, after a U.S. regulatory filing showing an increased stake sent shares of the Chinese ride-hailing company soaring almost 9%.
Tencent said in a filing Thursday it had added about 1.8 million Didi Class A ordinary shares to its last-known holdings. The social media giant subscribed to the additional stock during Didi’s initial public offering, which was not previously disclosed, a Tencent spokeswoman said Friday in an email. Tencent, which operates the WeChat messaging platform, had not acquired more stock in Didi since its debut in June, the spokesperson added.