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Didi Is Said to Draw China FAW’s Interest in Buying Stake

  • FAW pledges to help Didi resolve its data security issues
  • Didi’s shareholders approved a delisting plan this week
The Didi ride-hailing app in Beijing, China.
The Didi ride-hailing app in Beijing, China.Photographer: Gilles Sabrie/Bloomberg
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State-owned automaker China FAW Group Co. is considering acquiring a significant stake in the troubled ride-hailing giant Didi Global Inc., according to people familiar with the matter.

The Chinese carmaker has reached out to Didi’s top executives and expressed its interest in becoming a major shareholder in the firm, said the people, who asked not to be identified as the information is private. FAW pledged to help Didi resolve issues related to data security, paving the way for a Hong Kong listing, the people said.