FAW Group considers acquiring a large stake in Didi to become its major shareholder?

On May 27, according to Bloomberg News, Chinese automaker FAW Group is considering buying a large stake in ride-hailing giant Didi Chuxing.

Reports indicate that FAW Group has approached Didi's top executives and expressed interest in becoming a major shareholder in the company.

According to people familiar with the matter, China FAW has promised to help Didi solve problems related to data security, thereby paving the way for a Hong Kong listing.

It is worth noting that on the evening of May 23rd, Didi Chuxing held an extraordinary general meeting to vote on whether to voluntarily delist from the New York Stock Exchange. Work.

Didi has faced scrutiny from Chinese security authorities as well as U.S. authorities since its listing on the New York Stock Exchange last year.

In less than a year after its listing, Didi’s market value has evaporated by tens of billions of dollars. Didi’s latest share price is $1.52 (about 10.1 yuan), which has plunged by more than 90% according to its highest point, with a total market value of $7.281 billion. (approximately RMB 48.433 billion).

Caijing.com contacted the relevant person in charge of FAW Group for this, and the other party said: "There is no information to release."

Didi, on the other hand, did not respond to this.