“Reuters rumors about a change in management are untrue and unfounded,” China’s carpooling app DiDi Global said in response to Reuters’ report that President Jean Liu will leave the company this morning.
“We strongly condemn DiDi for malicious and recurring rumors created and distributed in certain media and reserve all rights to take legal action against such infringement.” DiDi said in a statement distributed by the public relations firm SVC.
“I said I’m going to resign as a close friend,” Reuters reported yesterday, citing two sources familiar with the matter. “We’ve told some people in the last few weeks that we’re hoping that the government will eventually control Diddy and appoint a new management team,” Reuters said.
Didi fell 6.6% in the New York Stock Exchange on Monday after the report, 45% below the June IPO price of $ 14 per share.
The company faces regulatory investigations and class action proceedings in China in connection with its listing in New York. The app was banned from the Chinese app store a few days after listing.
“DiDi is actively and fully cooperating with cybersecurity reviews,” the statement said.
Liu is the daughter of Liu Chuanzhi, a pioneer in the Chinese computer industry, and once worked for Goldman. According to the company’s prospectus, DiDi’s investors include Softbank New Vision Fund, which holds a 20% stake, Uber 12% and Tencent 6%.
According to today’s Forbes Real-Time Rich List, 38-year-old Chairman Cheng Wei, who holds about 6.5% of the stake, holds $ 2.4 billion worth of property.