【#Tencent increases its stake in Didi# Didi's stock price rises nearly 9%】,
On February 11, didi Chuxing's stock price rose sharply by 8.8% on Thursday, the fourth consecutive trading day to rise, boosted by Tencent's increase in shares. Regulatory documents show that Tencent increased its holdings of about 1.8 million Shares of Didi's Class A ordinary shares, bringing its stake to 7.4% as of December 31 last year, higher than the 6.4% disclosed by Didi at its IPO in June last year. Brendan Ahern, chief investment officer at Krane Fund Advisory, said: "The increase in holdings shows Tencent's confidence in Didi, but also indicates that China's internet regulatory cycle may have ended." @Phoenix.com Technology Tencent increased its stake in Didi Didi's stock price soared nearly 9%_Phoenix.com.cn._Phoenix.com
