(OP)inions Tencent pushes Didi up

February11, 2022 

Didi shares were up after Tencent shareholders increased its stake in the company. 

Shares of the Chinese ride-hailing firm rose as much as 5.8% Thursday, their fourth straight day of gains, after a regulatory filing showed that Tencent Holdings Ltd.added about 1.8 million Class A ordinary shares to its holdings.  

The move raises Tencents total ownership of Didi to 7.4% as of Dec. 31, up from the 6.4% that had been disclosed ahead of its June initial public offering. 

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