- DiDi Global Inc (NYSE:DIDI) co-founder and President Jean Liu has told some close associates she plans to exit the company, Reuters reports based on company sources.
- The Goldman Sachs Group Inc (NYSE:GS) veteran holds a 1.6% stake worth $640 million and controls 23% of the vote.
- Liu sees the government taking control of DiDi and appointing new management. Liu even told her close associates to start exploring new opportunities.
- Liu was an essential part of DiDi’s critical decisions, including Alibaba Group Holding Ltd (NYSE:BABA) backed Kuaidi merger and takeover of Uber Technologies‘ (NYSE:UBER) China business.
- DiDi has seen intense regulatory scrutiny over user data handling, pricing strategy, and anticompetitive practices since its U.S IPO.
- Liu had previously planned to quit before the regulatory crackdown to try something new.
- DiDi acknowledged complete cooperation with the cybersecurity review that urged it to delay the IPO. DiDi also refuted the management change stories.
- Price Action: DIDI shares traded lower by 6.99% at $7.72 on the last check Monday.
Reported Late Tueday, Alight Announces Full Exercise Of Over-Allotment Option To Purchase An Additional 3M Shares Of Alight’s Class A Common Stock At A Price Of $7.75; In Secondary Offering Shares Increase To 23M
Alight, Inc. ("Alight") (NYSE:ALIT), a leading cloud-based human capital technology and services provider, today announced that the underwriters of its previously announced secondary public offering have fully
