$DiDi Global Inc.(DIDI)$(Reuters) "Troubled Didi Global Inc has also been in talks about a golden share for its core ride-hailing business, a third source with direct knowledge of the matter said. Seeking influence, Beijing began taking golden shares in private online media companies - usually about 1% of a firm - some five years ago. The stakes are bought by government-backed funds or companies which gain a board seat and/or veto rights for key business decisions."
$DiDi Global Inc.(DIDI)$ Didi Global Inc: Short Selling Activity - 2iQ"As of December 2, 2021, Didi had a total of 184,651,216 shares on loan. This has been the peak number of shares on loan, since the company’s IPO. Another interesting piece of information is that $DIDI’s utilization rate has soared to around 97.74%.Presently, the avg. borrowing cost of $DIDI stocks has risen by almost 44.93%, signifying high shorting activity.Additionally, the loan volume percentage of shares outstanding is 4.241%. At the same time, the loan volume percentage of shares floating is currently 60.587%"
$DiDi Global Inc.(DIDI)$ Very amused to read all the comments post this morning news about Didi. The question many would ask is why would Didi tank on delisting news? It is not in the interest of China and many companies for a disorderly delisting. Hence the probability of tanking is very low.On the other hand, would Didi price jump on the news of delisting? No, there might be some slight movement towards higher ground just because there are so much pent up expectation from holders of Didi and the shorts covering due to risk management. Some may further ask why would softbank price drop on this news, this is because there are some cost of delisting and negotiating as Softbank is likely to agree to some discount to their valuation expe
$DiDi Global Inc.(DIDI)$ Short interest is very high but anyway I am holding for better days ahead!https://www.marketbeat.com/stocks/NYSE/DIDI/short-interest/
Didi Plans to Relaunch Apps as Probe Nears End, Reuters Says:$DiDi Global Inc.(DIDI)$ is preparing to reintroduce its apps in China by the end of the year as regulators wrap up their investigations into the ride-hailing giant, Reuters reported, citing people with knowledge of the matter.The government is expected to finalize any penalties for the company by December, the news agency said. Didi has set aside 10 billion yuan ($1.6 billion) for a potential fine, the report cited the people as saying.