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Plunged 80%! Didi's market value evaporated by nearly 400 billion, and Tencent increased its holdings: the stock price rose for four consecutive years

author:Mobile phone and news network

According to the news on February 11, as of the close of the US stock market on February 10, Didi Chuxing's stock price rose 8.8% to 4.310 US dollars, with a total market value of 20.376 billion US dollars. This is the fourth consecutive trading day that Didi has achieved gains.

Plunged 80%! Didi's market value evaporated by nearly 400 billion, and Tencent increased its holdings: the stock price rose for four consecutive years

Tencent Holdings held 78.85 million Class A shares in Didi as of December 31, 2021, an increase of nearly 1.8 million shares from Didi's IPO at the end of June last year, according to documents disclosed by the U.S. Securities and Exchange Commission on Thursday.

According to the disclosure documents, Tencent's shareholding in Didi accounted for 7.4% of Didi's 1.065 billion outstanding shares as of September 30 last year, higher than The 6.4% disclosed by Didi at the time of its IPO in June last year.

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Plunged 80%! Didi's market value evaporated by nearly 400 billion, and Tencent increased its holdings: the stock price rose for four consecutive years

On June 30, 2021, Didi was officially listed on the New York Stock Exchange with the stock code "DIDI". Shortly after the listing, Didi's stock price rose as high as $18.01 per share, but then fell all the way down, setting a minimum share price of $3.33 per share this month, with the highest decline of more than 80%.

Brendan Ahern, chief investment officer at Krane Fund Advisory, said: "The increase in holdings shows Tencent's confidence in Didi."

Plunged 80%! Didi's market value evaporated by nearly 400 billion, and Tencent increased its holdings: the stock price rose for four consecutive years

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Original title: Didi's highest decline of more than 80% Tencent increased its holdings: the stock price stopped falling for four consecutive years

Source: Fast Technology

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