Here's Why DiDi Stock Surged Today

·1-min read
Here's Why DiDi Stock Surged Today

Shares of DiDi Global (NYSE: DIDI) jumped on Thursday following reports that the Chinese ride-hailing giant could go private. As of 11:33 a.m. EDT, DiDi's stock price was up more than 10% after rising as much as 19.8% earlier in the session. DiDi is considering going private to appease Chinese regulators and allow investors to recoup some of their losses, according to The Wall Street Journal.

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