Tencent’s growing share in Didi stands in contrast to its recent decisions to pare back stakes in companies.
However, shares of Didi were down around 5% in pre-market trade on Thursday.
Tencent added about 1.78 million Class A Ordinary shares at the end of last year, according to a regulatory filing published Wednesday. That has brought Tencent's stake in Didi to 7.4% as of Dec. 31, up from 6.8% at the time of the ride-hailing firm's disastrous initial public offering in June. Didi is a politically charged company at the moment, having reportedly gone ahead with a U.S. listing despite concerns from regulators. Days after its IPO, China's cyberspace regulatorIn December, Didi said it wouldTencent's growing share in Didi also stands in contrast to its recent decisions to pare back stakes in companies. Last month, Tencent
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