Chinese ride-hailing giant Didi (NYSE: DIDI) has denied a Wall Street Journal report Thursday morning that said the recently public company was considering a privatization plan to satisfy Chinese regulators.
Citing “people familiar with the matter,” the WSJ said the company was exploring the privatization option as a way to placate Chinese authorities that are investigating the company for antitrust violations and to satisfy investors that have lost money on the stock since the company went...