Didi shares drop after Tencent said it did not buy new shares

Budrul Chukrut | LightRocket | Getty Images Shares of Chinese ride-hailing firm Didi fell in pre-market trade in the US Friday after Tencent clarified that it did not increase its stake in the company. A regulatory filing on Thursday appeared to show that Tencent added around 1.78 million Didi Class A Ordinary shares at the … Read more

Tencent increases stake in Chinese ride-hailing giant Didi

Budrul Chukrut | LightRocket | Getty Images Chinese internet giant Tencent has increased its stake in ride-hailing firm Didi, sending the shares of the US-listed company up more than 8% on Wednesday. However, shares of Didi were down around 5% in pre-market trade on Thursday. Tencent added about 1.78 million Class A Ordinary shares at … Read more